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Jul30
Aggressive Growth In ODPs Prompted By Media Company Interest; Action Engine Announces $20 Million Funding
We hinted at it a couple of times – but now we can come out and say it. Action Engine has raised $20 million in its latest round of venture funding. This round brings the total funding raised to date to $65 million and was led by current investor, Baker Capital, with participation from other current investors: Northwest Venture Associates and The Spangler Group. Scott Silk, Action Engine CEO, says the funding will be used to beef up sales, marketing and customer implementation activities. Makes sense since the company, which counts MSNBC.com and TiVo among its customer, has secured deals with several major media clients. (More detail when we get the green light…)
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