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BlackArrow Secures $12 Million New Financing

Tuesday, October 16, 2007 5:00:00 AM PDT | VenturdeDeal Staff

SAN MATEO, CA -- Digital media company BlackArrow, Inc. said that it has closed its series B round of funding, receiving $12 million from venture capital firms and strategic investors.

BlackArrow provides a platform of ad-management systems for video-based media. The company's system manages, delivers and measures targeted advertising for video contact providers.

Investors in the round included Cisco Systems, Comcast Interactive Capital, Mayfield Fund and Polaris Venture Partners. Proceeds purposes were not disclosed, but the company concurrently announced the launch of its system.

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