Animoto Pockets $25 Million
New York-based Animoto, which lets anyone create professional-looking videos on the fly, raised a $25 million Series C, according to VentureWire. Animoto’s Cinematic Artificial Intelligence technology analyzes and combines images, video clips and music—allowing the average Joe to achieve the same sophisticated post-production skills and techniques that professional TV and film producers can. The funding round was led by Spectrum Equity Investors, with participation from previous investors Madrona Venture Group and Amazon.
