Thursday, November 19, 2009

Sez Who? Sezmi secures $25MM from Morgenthaler Ventures, Omni Capital, TD Fund, Index Ventures, and Legend Ventures along with an unnamed strategic

Sezmi received $25 million in new funding from new and existing investors.

Sezmi was founded with an ambitious goal: to redefine the television experience with the first-ever personal television system. Our management team, with its strong and convergent industry strength, realized that no one was tackling a consumer demand both fundamental and, until now, unaddressed: to provide a true, fully-integrated alternative to expensive and mostly “by-appointment” television.

Sezmi offers the best of TV and the Internet in a seamlessly integrated, personalized way. We’ve completed successful technical trials and are now in consumer trials and we’ll be launching in U.S. markets in 2009. To learn when Sezmi is available in your area, go to Where can I get Sezmi?.

Sezmi is headquartered in the Belmont, California, in the Silicon Valley, with offices in Los Angeles and Ft. Lauderdale.

The company also announced today that it has made its all-in-one personalized television service available to the public in Los Angeles.

"This new funding places Sezmi in a strong financial position as we offer our service to the public and prepare for the next stage of expansion," said Buno Pati, chief executive officer of Sezmi. "We are very pleased to have the enthusiastic support of our investors and partners as we continue to execute on our plan."

Investors in this financing include previous investors Morgenthaler Ventures, Omni Capital, TD Fund, Index Ventures, and Legend Ventures, and a new strategic investor.

"We are in the midst of one of the most exciting times in television history," said Phil Wiser, co-founder and president of Sezmi. "With a deep understanding of the changing needs of television viewers, Sezmi created a completely new end-to-end offering to meet those evolving needs. We are thrilled to be in a position to deliver our service to the mass market."


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