SundaySky closes series A funding with $8 Million

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Bangalore: SundaySky, a digital video generation solution provider, has completed an $8 million series A round of funding led by Carmel Ventures and Globespan Capital Partners. Avi Zeevi, General Partner of Carmel Ventures and Jonathan Seelig, Managing Director of Globespan Capital Partners have joined the Company's board of directors. Founded in 2006, SundaySky provides real time, personalized and automatic generation of video for e-commerce, social networks, news and entertainment web sites. SundaySky's platform enables websites to automatically convert their content into dynamic, continuously updated, high quality video clips. SundaySky enabled websites to significantly increase the appeal of their content, stickiness of their site and their conversion rates while creating a significant inventory of video ads. SundaySky's CEO, Shmulik Weller said that this round of investment will allow the company to expand its marketing, sales and business development activities mainly in the U.S. while continuing to develop its product line. "The effectiveness of video on the web and its growing need, open great opportunities for SundaySky", Weller added. "Video is becoming the most important and fast growing form of web media." said Avi Zeevi of Carmel Ventures. "We found SundaySky to have a an outstanding founding team and a breakthrough technology which can change the way video content is created."

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