Magnify.net Raises $750K For Web Video Service

Dan Frommer | November 25, 2008 9:30 AM

magnify logo.pngNYC-based Web video startup Magnify.net has raised about $750,000 in Series A1 financing. This is in addition to the $1 million it raised in February. Innovation Ventures led the round, and all major investors returned, including RoseTech Ventures, NextStage Capital, Ogden Capital, and individual angel investors. Magnify also took on some debt issued by Vencore.

What's Magnify.net? A service to add video to your Web site, including:

  • Videos you make and host with Magnify.
  • Videos from around the Web (YouTube, Hulu, Howcast, etc.) that you embed via Magnify's back-end.
  • Videos that your users submit and host with Magnify.

One way to think about Magnify is as a simpler version of Brightcove, which has abandoned its free products to focus on high-end media clients. Magnify uses Amazon Web services to deliver its videos.

Magnify's clients include Taste of Home Magazine, which uses Magnify to power its Web video site. All told, almost 47,000 sites use Magnify, which is on track for 30 million video impressions this month.

Magnify.net has about ten employees and aims to be cash flow break-even next year on about $1 million of revenue. It'll use the money to keep building its Web video service, potentially expanding its sales department.

Subscribe to SAI: RSS, email newsletter (no spam)

More:

Share:
Post to Del.icio.us


< Prev. Story
Next Story >

3 Comments

DCSmitty (URL) said:
Magnify.net just hands you the tools to create niche 'channels' by aggregating video content from anywhere! It's brilliant!
Droideo (URL) said:
Magnify is very good and very easy to use.

Our site http://www.droideo.com is hosted at Magnify and is currently very popular.
hgj said:
DVD burner for Mac provides an easy and fast way to convert popular video formats (including AVI, MPEG, WMV, DivX, XviD, MP4, DV, VOB, ASF, 3GP, NUT, YUV, H.264/AVC, M4V files to DVD. The DVD Burner Mac could also burn DVD movie onto DVD disk that playable on portable or home DVD player and burn DVD folder or ISO files. No other Mac DVD burner can provide so many formats.
DivX to DVD Converter for Mac can not only convert DivX to DVD Mac, but also support convert AVI to DVD, 3GP to DVD, MP4 to DVD, FLV to DVD, MPEG to DVD, WMV to DVD, etc.
The DivX to DVD Converter Mac developed only for Mac OS (include Mac OS X 10.5 leopard) burning users.
The DivX to DVD converter for Mac can convert all formats like MP4, M4V, MPA, MPG, MPEG, MOV,3GP, 3GP2, FLV, MOV,VOB, DAT, TS, TP, TRP, M2TS, DivX, DivX to DVD on Mac OS.
AVI to DVD for Mac, a profeesional but easy-to-use DVD burn software for Mac users, can convert AVI to DVD format on Mac OS X perfectly and quickly. The AVI to DVD Mac not only supports converting AVI to DVD Mac but also supports other popular formats to DVD on Mac, such as MPA, ASF, DIF, H261, YUV, NUT and so on.
With the AVI to DVD Mac, you can easily convert and burn AVI files to your DVD and play it on portable or home DVD player.

Join the discussion



Copyright © 2008 Silicon Alley Media, Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy.