Cognitive Media Networks files details on its $14.68 million financing

cognitive media networks Cognitive Media Networks raised $14.68 million from four financial backers almost two weeks ago according to information disclosed by the company. The non-brokered equity offering was fully subscribed. Until this disclosure Cognitive Media Networks had raised an estimated $3 million in unregistered securities via one previous financing round.

Cognitive Media Networks markets and develops real-time services powered by automatic content recognition (ACR) technology for smart TVs. The company’s ENGAGE API allows smart TVs to launch applications that are intelligently synchronized with live or time-shifted television, enabling ecosystem partners to add enhanced TV capabilities to broadcast TV displaying on smart TVs. The company is backed by DCM Ventures and Rogers Venture Partners.

J Michael Collette (CEO) leads the San Francisco CA based company which was registered in 2012. Cognitive Media Networks elected to keep its revenues undisclosed.
The executive team includes J Michael, Jr Collette and Zeev Neumeier.
The board of directors includes Jason Fairchild, Jason Krikorian, Kenneth Bronfin and Mike Lee.

The company has raised an estimated total of $17.68 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Cognitive Media Networks
Industry: Other Technology
Amount offered: $14.68 million
Amount placed: $14.68 million
First sale: 11-12-2014
Data as of: 11-20-2014

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