VideoSurf Catches a $16M Wave

4/15/11Follow @wroush

San Mateo, CA-based VideoSurf said today that it has raised $16 million from Pitango Venture Capital and strategic investors, bringing its total financing to $28 million. Using a patended computer vision algorithms to identify Web video content, Videosurf has built a search index that it says is used by 12 million visitors per month. VideoSurf CEO and co-founder Lior Delgo said the new cash “gives us the resources to scale the company as we continue to hire the best talent and invest in our technology.”

Wade Roush is a contributing editor at Xconomy. Follow @wroush

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