Video Search Engine CastTV Receives $3.1 Million In First Round Financing


Video search engine CastTV has secured $3.1 million in first round funding. The round was led by Draper Fisher Jurvetson. The funding is intended to support product development for the San Francisco start-up. Separately, CastTV claims it has a two-year agreement with an unnamed “major media corporation” to provide it with online video crawling tools and indexing technology.
Marc Andreessen, a co-founder of Netscape, is also an investor in the company.
Red Herring: CastTV has yet to debut but promises to offer a service to find TV shows, movies, celebrities, sports, news, and viral videos. The startup plans to launch a test version of its service in May and complete service by summer.

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