Magisto Inks $5.5M for Cloud-based Video Editing

San Francisco-based Magisto has closed on $5.5 million in financing from Horizons Ventures and Magma Venture Partners. The company provides a free, web-based video editing service. Horizons led the Series B round. Magma was a previous investor in the company’s 2010 first round.

Valens Semiconductor Seals $14M

Valens Semiconductor, which makes products for the distribution of uncompressed high-definition multimedia content, has closed on $14 million in fresh capital. The Series B round came from new strategic investors including Taiwan-based Pegatron and Japan-based Mitsui & Co. Global Investment Ltd. Venture firms Amiti Ventures and Aviv Venture Capital also contributed, as did return investors Genesis Partners and Magma Venture Partners. Valens was formed in 2006 and is based in Israel.

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