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.
Author: Arlene Weintraub
Arlene is an award-winning journalist specializing in life sciences and technology. She was previously a senior health writer based out of the New York City headquarters of BusinessWeek, where she wrote hundreds of articles that explored both the science and business of health. Her freelance pieces have been published in USA Today, US News & World Report, Technology Review, and other media outlets. Arlene has won awards from the New York Press Club, the Association of Health Care Journalists, the Foundation for Biomedical Research, and the American Society of Business Publication Editors. Her book about the anti-aging industry, Selling the Fountain of Youth, was published by Basic Books in September 2010.
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