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It appears that online video services are being lucky as funds pour in. Another such service provider Magnify.net bagged $500,000 in new round of funding. The round isn’t close yet as it waits for another half a million dollars to pour in. With a dozen employees at work and clients that include New York magazine with a break even nearby, however it hasn’t been able to gobble large sums of money in funding but that shouldn’t come up as surprising given that there are even bigger players in the field.