We’ve been chomping at the bit to announce that stealth startup and TechAviv IL member SundaySky has completed an $8 million Series A round of funding led by Carmel Ventures and Globespan Capital Partners. Avi Zeevi, General Partner of Carmel and Jonathan Seelig, Managing Director of Globespan have joined the Company’s board of directors. This is great news for a great company and Israel hi-tech as a whole. SundaySky will be demo’ing at our February TechAviv Founders Club meetup and hopefully sharing some tips and insight on the funding process in today’s market.
SundaySky develops an innovative video authoring engine that automatically generates videos from content; text, graphics, photos, music and videos, on any web site. Even more impressive, videos can update in realtime as the content on the web site updates.
Sounds crazy but imagine signing in to Facebook and getting a realtime digest of what all your friends are doing, narrated status updates, photos, videos and all, in a professionally produced video. Imagine watching a detailed video about a hotel on Expedia, only the video has been automatically created from the metadata and photos on the site. Or comparing products on Amazon by watching a video rather than reading text. No work is done on the part of the site.
The company is targeting social, media and ecommerce sites, enabling them to generate compelling video on the fly from their websites dynamic content. The company also provides video streaming and analytics for the auto-generated videos but the real value in enabling sites to great quality+quantity videos is to increase viral traffic, time-on-site, and conversion rates of their content.
Seldomly do I see products that are truly novel. Sundaysky is one of them. Mazal tov Shmulik and Yaniv on the impressive raise and to Rami, Gilad and Jonathan on the forsight to see the long term potential of this groundbreaking technology regardless of current market conditions. We’re looking forward to seeing what you make of this opportunity.