ZING Systems Inc. announced on 30th January 2007 that it has raised $13 million through additional funding. The funding was raised in a round that was conducted by IDG Ventures in Boston. Redpoint Ventures earlier conducted ZING’s financial rounds also joined IDG Ventures Boston. Camp Ventures, a Venture Capital firm also funded the new round. ZING has tied up with several other top notch companies like SIRIUS Satellite Radio and SanDisk to revolutionize user experience by creating a new variety of portable entertainment players. (more…)

On 29th January 2007 ROO, an online video networks, announced that they will receive funding of approximately $12 million from News Corporation.

“We are excited to be working with News Corp. to further harness the enormous opportunity of online video across its global network of prestigious media brands. We are further encouraged by News Corp’s proven track record of identifying and partnering with online leaders early in their growth,” said Robert Petty, CEO and Chairman of ROO. (more…)

The median size of U.S. venture funds raised in 2006 has exceeded $200 million for the second year straight, according to industry tracker Dow Jones VentureOne. In 2005 the median was $200 million.

A total of 16 percent of the funds that were raised in the previous year were $500 million or more, the highest since VentureOne started amassing this data in 1992. Simultaneously, just 34 percent of funds closed in 2006 were less than $100 million, which is the smallest percentage on record. (more…)

Brightcove, an Internet TV service has raised a walloping $59.5 million in a funding round from important and significant investors. The list of strategic investors include Maverick Capital, Brookside Capital, AllianceBernstein, The New York Times Company and Transcosmos. Existing investors such as Allen & Company, AOL, and Accel Partners also took part in this round of financing. (more…)