University of Cambridge’s affiliate patient capital fund has returned to take part in an $8.4m round for video content management platform Imagen after previously investing in 2014 and 2016.
UK-based video content management software supplier Imagen has raised £6.5m ($8.4m) in a series B round backed by Cambridge Innovation Capital, a patient capital fund affiliated with University of Cambridge.
The round was led by venture capital fund Downing Ventures and also featured fund management firm Guinness Asset Management.
Founded in 1995 as Cambridge Imaging Systems, Imagen has created a software-as-a-service (SaaS) platform called Imagen Content Portal that lets video publishers such as media and sports companies archive and manage their content.
The platform offers accelerated file transfer speeds to support high-definition streaming and is accessed through a streamlined interface designed for operational efficiency.
The series B capital will go towards building Imagen’s sales and marketing presence in the US as the company looks to fuel its global expansion plans, which will primarily focus on the US and Europe.
Proceeds will also help Imagen drive…
