Animoto, the startup that helps create professional looking slideshows from the music and photographs that users upload has raised $4.4 million in Series B round of funding. The round was led by Madrona Venture Group. The startup is based on a very innovative idea and has been very successful ever since its inception. The funding will help it to expand further and eventually work upon the idea of using videos instead of a music and photo transition that it currently provides users with.
