Magisto Secures $13,000,000 Series C Round

  • Feed Type
  • Date
    10/29/2013
  • Company Name
    Magisto
  • Mailing Address
    Undisclosed San Francisco, CA 94108
  • Company Description
    Magisto uses revolutionary new technology that understands every aspect of video footage. More than just facial recognition, Magisto knows the difference between people, pets and landscapes and can even infer the “intent” of the filmmaker by analyzing the sounds and images on the video.
  • Website
    http://www.magisto.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $13,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    The new funding will be dedicated to expanding Magisto’s leadership position in the emerging category of Video Storytelling, the ability to create rich, professional-looking personal movies, quickly and easily, and share them with specific people across a prescribed network.
  • M&A Terms
  • Venture Investor
    Qualcomm
  • Venture Investor
    SanDisk Ventures
  • Venture Investor
    Horizons Ventures
  • Venture Investor
    Magma Venture Partners

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