KnowledgeVision Systems, a provider of online video presentation technology, has announced the closing of $1.875 million in new financing from institutional, private and strategic investors, according to a company press release.
The funds will be used for new product initiatives and to support the company’s rapid customer growth.
{loadposition C2C13IAA}“Our client and revenue base is now three times as large as it was at the beginning of last year,” said Michael Kolowich, CEO of KnowledgeVision. “That reflects the growth in the corporate video marketing as a marketing and e-learning tool, as well as the increasing recognition of online presentations as an important new medium. This financing will allow us to expand our sales and client support efforts, which now reach around the world as far as Australia and Japan.”
Kolowich also said that the past year has brought a steady flow of innovations the development team. “From app-less tablet and iPhone mobility to advanced tracking and analytics, KnowledgeVision’s customers have seen the capabilities of our tools expand as fast as they can suggest new ideas,” he said. “We want to continue offering the online presentation solution our clients won’t outgrow.”
Nearly half of the financing is a result of new investors, according to Kolowich. KnowledgeVisions’ previous major investors, including venture investor GrandBanks Capital, also contributed to the current round.
