Sezmi Adds Cash, Cuts Staff

Sezmi Inc., a Belmont, Calif.-based developer of a set-top box that combines traditional television content with on-demand movies and Internet video, has secured nearly $28 million of a $50 million Series C round, according to a regulatory filing. peHUB first reported on the deal back in August. Advanced Equities is serving as a placement agent, while participants include Morgenthaler Ventures and OmniCapital Group. In other Sezmi news, the company has laid of around 20 of its 100 employees. www.sezmi.com

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Paid Content : TV Startup Sezmi Closes on $30 Million Funding, Even As It Lays Off Staff
on November 24, 2008
Vid-Biz: Sezmi, KickApps, SAG « NewTeeVee
on November 24, 2008
sezmi formerly building b has closed 28m of a potential $50 series c since august. aiming at new tv set top box distribution platform » Metue
on November 25, 2008
TV programming service Sezmi cuts staff despite new $30M » VentureBeat
on November 25, 2008

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