Media Cloud Tech Startup Amagi Is Unicorn After Accel Funding
- New York-based company raises $95 million for expansion
- Norwest, Avataar among venture-capital firms in the round
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Amagi, a New York-based startup that offers cloud-based broadcast and targeted-ad services to media companies, increased its valuation to more than $1 billion in a funding round led by Accel.
The company raised $95 million to reach so-called unicorn status, with Norwest Venture Partners and Avataar Ventures among investors participating in the fundraising, it said in a statement Wednesday. The startup’s clients include NBCUniversal, CBS, USA Today and Japan’s Rakuten Group Inc.