Azuki Systems Adds $6 Million

Azuki Systems (fka: peermeta), an Acton, Mass.-based provider of mobile media software, has raised $6 million in additional Series A funding, bringing the round total above $12 million. Return backers included Kepha Partners and Sigma Partners.

PRESS RELEASE
Azuki Systems, Inc., an innovator powering a new generation of mobile media, today announced that it has secured $6 million in additional equity financing. Original investors Sigma Partners and Kepha Partners, along with company executives, are participating in this round of funding.

Since its founding in 2007, Azuki Systems has achieved significant breakthroughs in technology and is currently deploying services with new customers in a number of sectors, notably sports and media. Azuki powers high quality video, rich community features, and compelling true-to-brand consumer experiences across a full spectrum of application and browser-based mobile services.

“Azuki is delivering tremendous value on the mobile web. With a single platform that can deliver rich content, community and video across the full range of application and browser-based mobile channels, Azuki will play an increasingly important role in the industry,” said Bob Davoli, Managing Director at Sigma Partners. “Having an effective mobile strategy is essential for most media brands. Mobile is growing rapidly and Azuki extremely well to benefit from this growth.”

“The team at Azuki, spearheaded by Chairman and Co-Founder Cheng Wu, has developed a platform that extends desktop services across the mobile web and enables mobile services to scale on established infrastructure,” said Jo Tango, General Partner at Kepha Partners. “Azuki realized early the importance of leveraging leading CDNs and cloud computing solutions to deliver robust mobile content services. It is always best to avoid re-inventing wheels when you can, especially when those wheels have already proven successful in achieving internet scale.”

“The support shown by our venture investors in this round of funding, especially during these turbulent economic times, underscores the traction and market response we are experiencing,” said Jim Ricotta, president and CEO, Azuki Systems. “This current investment round will enable us to continue to aggressively build out the business and offer more brands the opportunity to build community around their video and content.”

About Azuki Systems
Azuki offers a software service for media companies to deliver a new generation of mobile websites and applications. Azuki powers high quality video, rich community features, and compelling true-to-brand consumer experiences. With Azuki, content providers scale on proven infrastructure and extend desktop services seamlessly across the mobile Web. Based in Acton, Mass., Azuki is led by an executive team that has built some of the communications industry’s most successful companies.

About Sigma Partners
Founded in 1984, Sigma Partners is a leading early-stage venture capital firm. The Sigma team uses their deep operational experience to provide entrepreneurs with practical strategic counsel through every phase of company growth. With over $1.5 billion under management and bicoastal offices, Sigma invests in innovative technology startups across the United States. Some of the market leading companies in which Sigma has invested include Atria, Cascade, Clarify, Internet Security Systems, KLA-Tencor, Octel, VeriFone, Vermeer, and Vignette.

About Kepha Partners
Kepha Partners is a venture capital firm based in Waltham, Massachusetts. The firm partners with entrepreneurs on their early-stage ideas, often before a business plan is written. Through its “Venture Building” program, Kepha Partners advises start-ups with active hands-on participation. The firm manages $100 million of capital. More information is available at http://www.kephapartners.com.