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[December 14, 2012]
Plizy Raises $4 Million
Plizy, the media center in the cloud that allows users to search, organize, watch and share any content that is available online, recently
$4 million in a Series A funding round from Atlas Venture. The funds will be used to expand the operations of Plizy. As a result of the agreement, David Marcus, president of PayPal, will join Plizy's board of directors.
Plizy aggregates more than 550,000 movies, 200,000 shows and 100,000,000 videos from the major video services making it the most comprehensive database available on the market. Through Plizy, content can be viewed on the iPad, Web and TV, and users can discover new videos based on their interests, preferences and moods. Developed around the social graph, Plizy makes friends part of the viewing experience and uses advanced algorithms to put consumers within one click of any desired video.
"We are thrilled to have Atlas Venture as our sole investor because of our long standing relationship with them and their success with companies like Dailymotion - the largest digital media company to come out of Europe," said Jonathan Benassaya, founder and CEO, Plizy. "As video content is fragmented across many sites there is no easy way for consumers to get access to the content they want. Plizy offers a unique service for consumers to seamlessly search, organize, watch and share any movie, TV show or video online."
"I have always had Jonathan on my star list of people to back and I was thrilled he decided to go after video after his success founding and launching Deezer," said Mr. Destin. "Video is both extremely exciting from a content standpoint and completely broken from a user perspective. We're going to solve that with Plizy by centralizing all content in one place for easy viewing and discovery on any device."
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