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Gotuit Secures $10 Million Investment

Dec 2, 2004  •  Post A Comment

VOD software firm Gotuit Media Corp. has secured $10 million in third-round funding, bringing current investment in the company to more than $20 million. The round was led by Atlas Venture, which also landed a spot on Gotuit’s board.

Gotuit provides indexing software for VOD content. The new financing will be used to expand the company’s offerings in news, music, entertainment and sports, and to launch into new markets. Current Gotuit programming partners include the National Hockey League, Universal Music Group, Kung Fu Records, Vagrant Records and Scripps Networks’ HGTV, DIY Network, Fine Living and the Food Network. Gotuit Media also plans to combine targeted advertising with its indexed VOD content.