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06/14/2007

EveryZing Secures $10 Million Capital Investment

 

Series B Funding Enables Aggressive Company Growth; Targeting Media Companies Looking to Drive Revenue through Search and Discovery of Online Content

EveryZing, the only multimedia merchandising platform to enhance discovery, consumption and monetization for online content producers and publishers, recently announced it has closed on $10 million in Series B funding. Fairhaven Capital led the round, with Accel and General Catalyst also contributing. EveryZing will use the investment to bolster its aggressive growth plans to help media companies merchandise their multimedia content through unparalleled content discovery, higher user consumption and ultimately greater monetization opportunities.

“This funding will enable EveryZing to continue its assertive growth strategy to be the preeminent digital merchandising platform for media companies,” said Tom Wilde, CEO, EveryZing. “There is a tremendous opportunity for media companies to make their content discoverable by creating a rich text output that enhances the user experience, but until now, media companies have not had the means to do it.”

“Search is the second most utilized function online behind email, so it presents numerous opportunities for growth,” said Dan Keshian, Managing Director, Fairhaven Capital. “EveryZing is unique in that it is the only company offering a true, comprehensive media merchandising platform based on search and navigation – complete with full-text audio and video search, and targeted advertising. In today's digital world, media companies' success depends on the ability of users to find and consume their content, which is what EveryZing is enabling.”

EveryZing's world class speech-to-text technology has the unrivaled ability to extract a full text output from audio and video files across the Web. EveryZing's full-text indexing of multimedia content creates a new paradigm in the consumption of multimedia content online, aiding the discovery of content within major search engines across the web, bringing the multibillion dollar industry of contextual advertising to the world of multimedia, and for the first time enabling users to navigate within multimedia files using EveryZing's patent-pending "snippet" navigation interface.

EveryZing is a media merchandising platform that helps content producers and web publishers dynamically increase the volume of consumable online multimedia content while simultaneously enhancing its monetary value.

Unlike other general web search and aggregation services that work only on meta data and tags, EveryZing leverages its unique speech to text, search, and optimization technologies to unlock the content within multimedia and automatically process and organize it to power a compelling ecosystem which easily connects media companies with publishers, consumers, and advertisers.

EveryZing, based in Cambridge, Mass., was recognized as the Best Web 2.0 Application in 2006 by the Massachusetts Innovation and Technology Exchange.

For more information, please visit www.everyzing.com