SPROCKIT surpasses $2 billion fundraising milestone; unveils final selection of startups at the 2020 NAB Show
The last time we wrote about SPROCKIT was back in April 2019 after the global marketplace that connects the world’s top market-proven emerging companies in media, entertainment, and technology, raised over $1 billion in funding and also unveiled the final selection of startups at the 2019 NAB Show.
About a year and a half later, SPROCKIT announced its startup community has collectively raised more than $2 billion in funding, including $1 billion after joining SPROCKIT. The news comes as SPROCKIT enters a robust fourth quarter recruiting for its 2021 cohort, participating at NAB Show New York and the ACA 2020 Fall Angel Forum, hosting SPROCKIT Sync and leading weekly expert panel discussions.
Founded in 2012, SPROCKIT showcases today’s media and entertainment entrepreneurs to the industry’s iconic media, entertainment, and tech companies. SPROCKIT curates, connect, and fosters collaboration among leading media, entertainment, and technology companies, and the world’s top market-ready startups to bring innovative products, services, and revenue models to market.
SPROCKIT invites elite startups based on their ability to efficiently and effectively solve industry pain points and their market readiness, allowing them to provide immediate value to the corporate partner’s bottom line. Since its launch in 2013, more than 150 emerging companies have participated in SPROCKIT, raising more than $1 billion and experiencing partnerships and acquisitions.
“SPROCKIT is enormously proud of the accomplishments of our startup cohorts and our corporate partners’ involvement in their successes,” said Harry M. Glazer, founder, and CEO, SPROCKIT. “It took five years to hit the $1 billion USD benchmark and only 18 months to double it.”
- Credit bureau titan TransUnion acquired Tru Optikto bolster their cookieless data capabilities and help companies with identity-based marketing, targeting, and measurement.
- Security solutions company Rapid7 acquired DivvyCloud for $145 million USD in cash and stock to become more fully ingrained in the cloud.
- Video streaming solution company Haivision acquired Teltooto optimize complete edge-to-edge low latency video workflows.
- Market research and big data analysis startup PlumResearch raised 10 million PLNfrom Montis Capital and Weston Investment Management to expand to new markets.
- Computational storage startup NGD Systems raised $20 million in Series C funding from MIG Capital, Western Digital Capital Global, Ltd, and existing investors, including Orange Digital Ventures, Partech, BGV, and Plug-N-Play to support and accelerate the production and deployment of its products.
- Resonance AI, formally Transform, raised $2.28 million to fuel the growth of its video analysis platform which uses artificial intelligence to measure dialogue, music, mood, lighting, pacing, movement, and more.
“SPROCKIT put us in the inner circle of industry decision-makers for partnership, investments, and acquisitions,” said Brian Johnson, founder, and CEO, DivvyCloud. “As a result of SPROCKIT, FOX and now Disney are great customers, among others validating our solutions, which lead to the Rapid7 acquisition. From day one, SPROCKIT recognized DivvyCloud’s value to the industry.”
SPROCKIT said in a press statement that it is actively curating its 2021 cohort, identifying and vetting market-proven startups. New startups will join a highly selective class which includes: iDenTV, Living PopUps, MyBundleTV, Omnistream, Podcast Village, SafeGuard Privacy, Veep.io, and Videomine.
SPROCKIT remains committed to building its diverse and inclusive cohorts, recently announcing a “diversity credit” for underrepresented founders, including women, minorities, LGBTQ+, and more. Interested parties should reach out to firstname.lastname@example.org for more information about the SPROCKIT startup program.
Below is a video overview of SPROCKIT.