EveryZing closes $8.25 Million in funding
Printer Print Email Email
EveryZing closes $8.25 Million in funding
Cambridge: EveryZing, which powers next-generation universal search and publishing technology for online content, has closed an $8.25 million round of funding from its existing investors, which include Fairhaven Capital, General Catalyst Partners, Accel Partners and BBN Technologies, and added GE/NBCU�s Peacock Equity Fund as an investor. Adding to its growing roster of broadcast media companies, EveryZing also announced the company has been selected by NBC Universal to deploy its universal search and publishing solutions across a range of NBCU�s Internet properties. The agreement marks EveryZing�s largest deal to date and continues the company�s strong growth from 2008. EveryZing's products address an evolving business need that stems from the rise of new media consumption to enable its customers - providers of online news, entertainment, sports and business - to improve the search experience, build consumption of their multimedia content and better capitalize on the $20 billion online advertising market. As part of the NBCU agreement, NBC will integrate EveryZing's full solution suite - including MediaCloud, ezSEO, ezSEARCH and MetaPlayer - into its Media Works platform, which aligns the network's technology, operations, software solutions and corporate support. EveryZing will power video search and automated publishing applications for several NBCU business units, starting with CNBC, NBC Digital Networks, and NBC Global Networks. EveryZing's technology will allow NBCU's digital properties to expand faster, add more content, and reach greater audiences. "In this market, media companies are looking for the most cost-effective solutions for their online publishing," said Tom Byrne, Managing Director & Group Head, Peacock Equity Fund. "We believe that the scale and automation of the EveryZing solutions have clear value in driving growth of online efforts," Byrne added.

siliconindia