Video Sharing Site Motionbox Gets $4.2 Million Funding

Motionbox, a video sharing and mashups site based out of New York City, has received $4.2 million in first round funding. The round was led by Canaan Partners, SAS Investors and Itochu Corp of Japan as investors. The financing will be used to continue to build out Motionbox’s technology and to market the company.
MB has a partnership with local TV affiliate NBC10 to power its video sharing service. Chris O’Brien is the CEO and co-founder of Motionbox, and prior to this founded and was CEO of SoftCom, and, after a merger, President, Business Development, of Interactive Video Technologies, the provider of software for corporate webcasting.

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