Video discovery platform Plizy has announced that it has landed a $4 million Series A investment round from Atlas Venture, about a month after releasing its new iPad app.
The company is planning to spend the funding on building apps for iOS and Android, expanding its audience and partnering with new content providers, including Cinemax, SnagFilms and Starz, Plizy said in its press release.
Plizy’s platform is meant to centralize users’ experiences from online video and allow customers to search, watch and share video content from different providers in one place.
Since its launch in May 2011, Plizy partnered with YouTube, iTunes, Netflix, Vimeo, Amazon Prime, Amazon Instant Video, Crackle, Dailymotion, HBO Go, Hulu and Hulu+.
This is the second round of funding the company attracts. At the seed stage, Plizy raised $1.2 million from a group of angel investors, including the Fotolia co-founder Oleg Tschelzhoff.
Image credit: FailedImitator / Flickr.
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