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TMCNet:  Kozoo Raises $2.5 Million

[December 14, 2012]

Kozoo Raises $2.5 Million

TMCnet Contributor
 
Koozoo, the first platform dedicated to unlocking the potential of shared live video of the world's public places, recently raised $2.5 million in a round led by New Enterprise Associates and Tugboat Ventures. The other participants in the round were Angel investors and TMG Partners. According to the officials from Koozoo, the funding will help the company expand its operations. 

"Koozoo is the first platform to make live views of the world's public places easily accessible to one and all," said Drew Sechrist, CEO and co-founder of Koozoo. "It's incredible that today we can instantly look up an old friend or nearly any factoid, but we still can't easily find answers to simple questions about what's happening right now -- like how long the line is at the coffee shop or whether or not it's foggy at the beach. That's the basic problem Koozoo aims to solve." 
Koozoo is a new online platform that allows people to see and share live views of places they care about. Koozoo's goal is to make live views of the world's public spaces easily accessible to one and all. Koozoo is a private company backed by New Enterprise Associates, Tugboat Ventures and other private investors.
"The world's static information has already been indexed and made available to us in seconds. The next frontier is understanding what's happening in the real world, right now, and Koozoo is leading the way," said Jon Sakoda, of NEA. 
'Koozoo will usher in a new era that reads like science fiction today,' said Trevor Darrell, professor at UC Berkeley and head of the Computer Vision Group (News - Alert) at the International Computer Science Institute. 'For example, within a few years I expect Koozoo to let you take a virtual walk down the street in Tokyo or Paris in 3D, live, as you sit comfortably at home in California.'

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Miami 2013, Jan 29- Feb. 1 in Miami, Florida.  Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.



Edited by Rachel Ramsey

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