Interactive video company Ensequence has received $40 million in its third funding round. The company plans to use the funding for global expansion efforts, including opening new offices in New York and Los Angeles. Its last funding round netted $18 million in August 2004. As we reported at that time, the Portland, Ore.-based company had previously secured $19 million in private funding.
The latest investment comes from an unidentified private equity firm. Ensequence has marketed its on-Q software ITV programming tool since 2002. The new funding will also go towards developing its next generation version of on-Q. The software tool has been used mostly in the U.K., but it said it has breaking into U.S. broadband, with interactive online services for MLB. Rounding Ensequence’s ambitions are plans for a tool for mobile video. Release