Video discovery platform Boxfish has raised $7 million in new funding led by Atlantic Bridge Ventures, with participation from Samsung, T-Ventures and Naya Ventures. The company analyzes TV program captions and processes the data in real-time to create TV discovery products like search, live alerts and trending topics. The resulting content enables Boxfish's platform users to create richer profiles and deliver highly targeted and contextual advertisements.
Boxfish has now raised a total of $10 million in funding, previously receiving a $3 million Series A investment at a near $15 million valuation in 2011. It will reportedly use the new funds to expand its team, work with new types of companies and grow internationally.