Wade Roush
San Mateo, CA-based VideoSurf said today that it has raised $16 million from Pitango Venture Capital and strategic investors, bringing its total financing to $28 million. Using a patended computer vision algorithms to identify Web video content, Videosurf has built a search index that it says is used by 12 million visitors per month. VideoSurf CEO and co-founder Lior Delgo said the new cash “gives us the resources to scale the company as we continue to hire the best talent and invest in our technology.”
