SealedMedia has secured GBP11 million in venture capital funding from a syndicate comprising Pond Venture Partners, Crescendo Ventures and 3i. The company, which provides cross-media digital rights management (DRM) technology for security applications and online publishing, said its recent successes in the field helped it secure this round of funding.
Martin Lambert, founder and CTO of SealedMedia, said: “While this is a difficult time for all companies, publishers and enterprises alike will never lose their resolve to protect and capitalise on their digital assets.” The company will continue to focus on its European and US markets. It has offices in Beaconsfield, England, New York, San Francisco and the Netherlands.
SealedMedia’s enterprise server enables large content publishers to disseminate and protect large volumes of digital text, audio and video files. Also, it allows content owners to protect and control the use of their content, even after distribution to users via the Internet.
SealedMedia technology has flexible licensing with pay-for-view, preview, view-only and pass-along options. The company plans to move its headquarters to the east coast of the US to be located nearer to its core publishing client base, it said.