Grab Networks Hooks $12M for Video Syndication

Video syndication company Grab Networks, the rechristened merger of Voxant and Anystream, has raised $12 million in debt and equity funding from existing investors Softbank Capital, SCP Capital, Longworth Venture Partners and Court Square Partners, plus Horizon Technology Finance.

Besides a pretty sweet new name, the company still has more than 700 clients, including a ton of big-name news companies. Grab is rolling out a combined platform of Anystream’s media production services and transcoding with Voxant’s publishing network and video indexing. Its pitch is to expose (and then monetize) what it calls “underutilized” video assets.

Altogether over Grab’s complicated history, which included a previous Voxant fire sale and Anystream spinning off educational video company Echo360, it has raised more than $50 million.

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