Sezmi Raises $33 Million, Cuts its Workforce by 20%

Completes Seattle Technical Trials of its New TV Service
Sezmi, a company that has developed a set-top box-based service which it bills as "combining traditional TV content, movies and Internet video in a single, easy-to-use product"--announced late last month that it has secured an additional $33 million of financing. According to the company, the figure includes new investments from Advanced Equities, and follow-on investments from previous investors, Morgenthaler Ventures, Omni Capital Group, TD Fund and Legend Ventures. Sezmi's announcement of its new funding came...

Oberon Media Secures $20 Million Investment from Infinity I-China Fund

Oberon Media, the multiplatform casual games company that last year acquired interactive TV games company, PixelPlay, has secured a $20 million investment from the Infinity I-China Fund. According to Oberon and Infinity, the investment is part of a larger global strategy between the companies that will see them collaborating to expand Oberon's casual game publishing and distribution business in China and working to establish new partnerships for Oberon in that country. "We have identified the...