New York based site for personal video sharing and storage, Motionbox, has raised $6 million in the Series C of funding. The round was led by Constellation Ventures and was participated by returning backers including Canaan Partners and SAS Investors.
According to company’s CEO, Grotstein:
Online video in 2009 is today where the web was in 1996, ready to explode in various directions and niches. In the personal video arena, where safety, ease of use, and quality are all critical elements, Motionbox’s platform can’t be surpassed by any other service in the marketplace. That’s largely due to the vision of and the technology deployed by the team assembled by Chris O’Brien. The company’s recent 400% growth in its user base and the addition of several new Tier 1 partners, is testimony to the market’s validation of Motionbox as the pre-eminent platform for high quality/high definition personal video.
