PermissionTV Raises $9 Million in Venture Capital - Waltham, MA

PermissionTV, a Waltham-based provider of Internet video technology, announced on Wednesday that it has raised $9 million in a round of venture capital led by Castile Ventures and Point Judith Capital. Other investors in the deal include Common Angels, CramerOnline, Inflection Point Investors, the Massachusetts Technology Development Corp. (MTDC), SAS Investors and the Venture Capital Fund of New England (VCFNE). PermissionTV offers customizable development and delivery technology. In the past year, 30 leading content providers, media companies and agencies including Adobe Systems, Agency.com, Bob Vila, Fox's myNetworkTV, Intercontinental Hotels, Molecular, Toyota Scion, Update Hollywood and Whitman Hart have partnered with PermissionTV to configure and manage branded Internet TV channels.

http://www.permissiontv.com