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The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

SureWaves Media Tech raises Rs. 10 Crore in Series A Funding

ST Team
Wednesday, September 7, 2011
ST Team
Bangalore based startup SureWaves Media Tech, which operates in the digital media-technology space, raises Rs. 10 crore in Series A round of funding from India Innovation Fund (IIF), an early stage venture capital fund, and Accel Partners. Two angel investors also participated in this round of funding. Rajesh Rai from IIF and Shekhar Kirani from Accel Partners have joined the company's board of directors.

SureWaves was founded in September, 2006 by second generation entrepreneurs, Ananth Kansal, Rajesh Khare and Tapan Kumar Dutta. It is an integrated Ad Aggregation, Content Delivery, Network Management, Media Planning and Reporting Platform for multiple forms of digital media. It is building media applications on top of SureWaves Media Grid to allow a variety of digital mediums to attach to the grid through specific SureWaves Edge Devices. The company has filed for more than 40 patents to date on the above technology and was recognized as the most innovative start-up in 2008 by Software Technology Parks of India.

“We are creating a new category and are excited to join hands with IIF and Accel Partners for this,” says Raj Khare, CEO, SureWaves. The company is planning to invest the fund in expanding its network to more states as it is targeting a nation-wide reach by 2014.

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