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Sezmi Receives $25 Million in New Funding


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© Business Wire 2009
2009-11-16 12:11:13 -

Sezmi today announced that the company has received $25 million in new funding from new and existing investors. Separately, the company also announced today that it has made its all-in-one personalized television service available to the public in Los Angeles.

“This new funding places Sezmi in a strong financial position as we offer our service to the public and prepare for the next stage of expansion,” said Buno Pati, chief executive officer of Sezmi. “We are very pleased to have the enthusiastic support of our investors and partners as we continue to execute on our plan.”


Investors in this financing include previous investors Morgenthaler Ventures, Omni Capital, TD Fund, Index Ventures, and Legend Ventures, and a new strategic investor.

“We are in

the midst of one of the most exciting times in television history,” said Phil Wiser, co-founder and president of Sezmi. “With a deep understanding of the changing needs of television viewers, Sezmi created a completely new end-to-end offering to meet those evolving needs. We are thrilled to be in a position to deliver our service to the mass market.”


About Sezmi

Sezmi Corporation is redefining the television viewing experience by combining traditional TV content, movies and internet video in a single easy-to-use product and service. Designed from the ground up with next generation TV functionality, Sezmi puts consumers in total control with a personalized on-demand viewing experience. Sezmi is working with partners from broadcast, broadband, content and advertising industries to create a new TV choice for consumers. Sezmi will be offered to consumers through broadband service providers and national retailers.
For more information, visit www.sezmi.com : .

For Sezmi CorporationAllen Bush, 650-762-2940 allen.bush@ar-edelman.com : mailto:allen.bush@ar-edelman.com


Author:
Hossam Abdel-Kader
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