MediaSilo Raises $2.25M, Will Expand with New Markets and Tools
The cloud-based software-as-a-service company looks to bolster its position in online video management.
Cloud-based media company MediaSilo is already finding an audience for its video managements tools, and it should soon expand to new markets thanks to $2.25 million in Series A funding. Schooner Capital led the round. MediaSilo plans to push ahead in new markets, and develop new collaboration and workflow tools.
MediaSilo lets companies store media assets in the cloud so that employees can work collaboratively and from any location. One handy feature is the ability to set up microsites, so that videos can be shared only within a set group. The company already has over 400 clients, and stores millions of media assets (including videos, audio tracks, documents, and graphics) for media firms, production companies, retailers, sports teams, hospitals, and universities. The company is based in Boston, Massachusetts. It recently updated its website with more resources for developers, information on its partner program, and instructions for working with the MediaSilo platform.
"This new funding will provide additional resources to grow the company and continue to evolve our platform offering," says Kai Pradel, CEO of MediaSilo. "Our customers will see immediate changes to our product line as we address new workflows and work closely with partners and integrators to make working with video easier."