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mDialog Secures $5 Million Series A to Monetize Live and On-Demand Television Across Mobile and Connected DevicesSeries A, Led by BlackBerry Partners Fund, to Accelerate mDialog's Linear, Live and VOD TV Everywhere Advertising Platform (September 29, 2011)
SANTA MONICA, CA and TORONTO -- (Marketwire) -- 09/29/11 -- mDialog, a leader in Mobile & Over The Top (OTT) Ad Mediation for Linear and Live TV Everywhere Ad Insertion, has closed a $5 million Series A round of funding led by the BlackBerry Partners Fund.
The investment will be used to expand mDialog's offerings across all mobile and connected devices such as the iPad and iPhone, as well as Android, Roku and other OTT platforms.
"With the BlackBerry Partners Fund's commitment to mDialog, we can achieve our vision of enabling Broadcasters and Operators to deliver addressable TV commercials everywhere using their existing Ad Operations workflow," says mDialog President and Founder Greg Philpott. "This investment will help us expand our lead position in Live and Linear TV ad delivery with interactive addressable commercials on connected devices."
John Albright, Co-Managing Partner with the BlackBerry Partners Fund, comments, "The proliferation of tablets and smartphones, as well as the continued adoption of over-the-top boxes and cord-cutting, has changed the game for television. Consumers are no longer tied to one device and their programming will follow them everywhere. Operators, programmers and video publishers all recognize the value a company like mDialog delivers in ushering in this next generation."
The mDialog Stream Mediation Platform enables addressable TV commercials everywhere by providing both a lean-back TV commercial experience identical to traditional linear broadcast TV as well as a lean-forward interactive brand engagement experience on tablets, smartphones and OTT devices. This allows mDialog's clients to seamlessly insert targeted video advertising into Linear/Live and on-demand TV programming everywhere.
The mDialog Smart Stream Platform is a real-time, Video as a Service (VaaS) solution that enables Linear, Live and On-Demand TV Commercial Ad Insertion for TV Everywhere. The platform supports iOS, Android, and other OTT devices allowing Broadcasters, Cable Operators and Video Publishers a seamless way to dynamically insert, track and analyze their video advertising campaigns. For more information visit www.mdialog.com.
About BlackBerry Partners Fund
BlackBerry Partners Fund is the leading independent venture capital firm focused exclusively on mobile computing. In collaboration with Research In Motion, along with Thomson Reuters and RBC, the global fund brings capital, resources and unparalleled domain expertise to the partnerships it forms with exceptional entrepreneurs around the world who are shaping the future of the mobile eco-system. The Fund has an investment footprint throughout North America, the United Kingdom and Israel. For more information visit www.blackberrypartnersfund.com.
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