05/02/2006

Digital video technology firm Imagine Communications raised $9.2 million

Imagine Communications, a new digital video technology company, has completed a $9.2 million first round of venture funding from Carmel Ventures and Columbia Capital.

Imagine has developed an advanced broadband based PersonalizedTV platform for system operators. Imagine's platform allows operators to deliver advanced digital video programming and services that fulfill the essence of PersonalizedTV - giving subscribers content they want, when they want it.

"Expansion of VOD, HD-VOD, and other advanced services is the key to broadband operators' ability to attract and retain valuable subscribers," said Ori Bendori, general partner of Carmel Ventures. "With Imagine's technology, operators can dramatically improve VOD bandwidth efficiency within their existing infrastructure, while also making new services - such as targeted ads and IPTV - much more viable."

Imagine was founded in 2005 by Ron Gutman, CTO, and Doron Segev, VP engineering. Joining them are Fred Cary, president and CEO; Marc Tayer, SVP marketing & business development; and Doron Mick, VP operations. Imagine's U.S. headquarters is in San Diego, with R&D and engineering in Israel.

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