Azuki Systems Secures $6 Million in New Funding

--Company's Solutions Enable Interactive Mobile Video

Azuki Systems, a company which offers a mobile video and multimedia platform that incorporates interactive and social features, announced Tuesday that it has secured $6 million in additional equity financing. The additional funding was provided by original investors, Sigma Partners and Kepha Partners, as well as by a number of Azuki's own executives, the company said (it has now raised around $13 million).

Azuki, which was founded in 2007, claims to be currently deploying services with new customers "in a number of sectors, notably sports and media." "Azuki is delivering tremendous value on the mobile Web," Bob Davoli, managing director at Sigma Partners, said in a prepared statement. "With a single platform that can deliver rich content, community and video across the full range of application and browser-based mobile channels, Azuki will play an increasingly important role in the industry. Having an effective mobile strategy is essential for most media brands." Added Azuki president and CEO, Jim Ricotta: "The support shown by our venture investors in this round of funding, especially during these turbulent economic times, underscores the traction and market response we are experiencing. This current investment round will enable us to continue to aggressively build out the business and offer more brands the opportunity to build community around their video and content."

North America