Press Release
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Connected Life and Work Fund invests in Cooliris
Bonn, July 14, 2009 T-Venture today announced an investment of the Connected Life and Work Fund in Cooliris, the company advancing visual three-dimensional navigation for the increasingly media-centric Internet. The investment of the Connected Life and Work Fund is part of a 15m USD series B funding round from a group of blue chip investors including Kleiner Perkins Caufield & Byers, DAG Ventures and The Westly Group. This comes alongside the introduction of its newest application, the Cooliris Wall. The amount of content on the Web continues to grow exponentially. More than 13 hours of video are added to YouTube every minute and more than 850 million photos are uploaded to Facebook every month. “The Cooliris Wall truly revolutionizes the user experience to consume the overabundance of rich media on the Web and on the mobile platforms,” said Ralf Baumann, Senior Vice President Portal at the Deutsche Telekom AG. “Very few products provide this kind of deep-rooted intuitiveness blended with an innovative business model which then drives revenues and make a world of a difference for global consumers.” The success of Cooliris has attracted a vast array of popular and premium content publishers to syndicate their content and enable the Cooliris Embed Wall technology on their sites. Cooliris users can scan up-to-the-minute news from CNN, F.A.Z., and Boerse Online, or browse the latest sports and celebrity news from sources like Bild.de and MSN.de in Cooliris Discover. Publishers have benefited from syndicating to Cooliris because of increased views of their monetized content and additional traffic to their own site. Cooliris has extended its presence beyond the Web. The latest version of the application now also supports desktop photos so users can show off photos to their family and friends from their own computers. Users can also carry the experience on the go; Cooliris for Mobile has already received over 800,000 downloads to date with users embracing this application on their iPhones for searching and discovering great content. “We are delighted to have T-Venture partner with Cooliris because of their domain expertise in providing game-changing innovative products to customers around the world,” said Soujanya Bhumkar, CEO of Cooliris. “We foresee a degree of collaboration that creates real value for all of us.” Headquartered in Palo Alto, California, the Cooliris team consists of seasoned executives, engineers and entrepreneurs from companies like Adobe, Apple, eBay, Electronic Arts, Google, Microsoft, PayPal and YouTube. Cooliris has reached 13 million installs of the product, with tens of thousands downloading everyday. The latest version is available for the PC, Mac, and Linux platforms, and can be downloaded at www.cooliris.com. |
