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TMCNet:  Kannuu Raises an Additional $2 Million in Funding, Expands Presence in Silicon Valley

[December 17, 2013]

Kannuu Raises an Additional $2 Million in Funding, Expands Presence in Silicon Valley

DALLAS --(Business Wire)--

Kannuu Pty Ltd, a provider of search and discovery solutions for video content across multiple services and devices including Smart TVs, tablets and smartphones, today announced it has raised a further $2 million in new capital from a well-established private equity firm. Kannuu also announced it will begin banking with Silicon Valley Bank and will open offices in the San Jose area to serve customers and prospects in Northern California.

Kannuu CEO Todd Viegut said, "The Kannuu findability platform for video search and discovery is unique, innovative and market proven. We're seeing great interest in Kannuu across the full spectrum of players in this dynamic, rapidly evolving space - from device manufacturers to service providers, software companies and application developers. The additional funding further validates our compelling value proposition and will enable Kannuu to capitalize on our market momentum, step up execution of our aggressive growth strategy, and realize our vision of becoming the gold standard for finding consumer relevant video in today's content-rich, multi-screen environment."

Viegut added, "These are exciting times for Kannuu, and we anticipate an enthusiastic responseas more providers learn what Kannuu delivers today in the challenging space of video findability. There is no better place than Silicon Valley to address the growing needs of technology and media companies throughout the U.S. Our presence in the Valley will help amplify awareness of Kannuu and accelerate several key business and growth initiatives."

The Kannuu platform provides the superior experience today's consumers demand while enabling providers to differentiate their service offerings, attract and retain customers and fully monetize their video assets.

Encompassing the full spectrum of digital video metadata storage, search and discovery -- from information architecture and delivery to search algorithms, recommendation (relevancy) techniques and the user interface -- Kannuu's core IP spans information architecture, a proprietary search and recommendation engine, Cloud delivery, and user interface technologies, including Partial Word Completion™ and Directional Pad (Joystick) Navigation, among other vital aspects of video search and discovery.

Kannuu customers include Western Digital (News - Alert), REELZCHANNEL TV, and Telstra, Australia's leading telecommunications and information services company. The Kannuu technology for video search and discovery across services is also available on the Samsung (News - Alert) and LG Smart TV platforms for proprietary implementations.

About Kannuu

Kannuu provides cutting-edge search, discovery and findability solutions for quickly finding video content in today's multi-screen environment. Combining sophisticated delivery infrastructure, advanced search algorithms, proprietary recommendation techniques, flexible business rules and unique and intuitive user interfaces, Kannuu enables device manufacturers, service providers, software companies and application developers to maximize the full value of video content. By providing a fast, easy and vastly superior user experience, Kannuu satisfies consumers and drives revenue for service suppliers. For more on Kannuu, visit www.kannuu.com.


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