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Mass High Tech - May 11, 2009
EveryZing
lands $8.25M round, new customer NBC
Mass High
Tech
Video search startup
EveryZing Inc., formerly Podzinger, has won an $8.25 million round of
funding, and secured its biggest customer to date. The round brought on
investor Peacock Equity Fund, the venture investing arm of NBC Universal
Inc., and EveryZing announced this morning the NBC network will use its
video search and publishing platform across a list of online properties,
including CNBC.com, iVillage and NBC.com.
Early-stage investors Fairhaven Capital, General Catalyst Partners, Accel
Partners and BBN Technologies Inc., which participated in the company’s
$10 million Series B round in June of 2007, returned to participate in
the round. The latest investment brings EveryZing’s total venture
funding near $25 million, including a $1.5 million funding closed recently.
EveryZing, headed by CEO Tom Wilde, spun off from BBN Technologies in March of 2007, with plans to build podcasting search applications based on a BBN speech-to-text technology. In August 2007, it changed its name to EveryZing and began to focus on video.
The company’s technology is designed to create landing pages around popular video search topics and allow search users to pinpoint segments in unrelated videos, in which relevant keywords arise. TechCrunch reported this morning that the NBC win does not include Hulu, a joint venture of NBC and Fox Entertainment Group.
NBC Universal is owned by General Electric Co. (NYSE: GE). Fox is owned by News Corp. (Nasdaq: NWS).
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