Magnify.net secured an additional $1 million in financing to continue to grow the popular Video Broadcasting and Discovery Platform.

The new round included all existing investors including Next Stage Capital, New York Angels, Rose Tech Ventures, Active Angel Investors, and a number of individual investors including Chris Anderson. Joining in this round were new investors Ogden Capital and Gideon Gartner, founder of The Gartner Group.

Having just celebrated its first birthday, Magnify.net has seen remarkable growth in the past six months with total publishers passing the 30,000 mark and monthly visits soaring past three million. More than a thousand publishers a week are adding Magnify.net services to their Web sites.

Panther Express announced the completion of a $15.75 million Series B round of venture financing led by Index Ventures. Gold Hill Capital and existing investor Greylock Partners also participated. Panther will use the funds for international expansion and further infrastructure investment to support its growing list of customers.

Founded in 2005 by Kevin P. Ryan and Dwight Merriman, former CEO and CTO of DoubleClick, Panther combines rapid, reliable and scalable performance with flexible and cost competitive terms resulting in the highest value CDN offering in the industry. In just over two years, Panther has established an international client base of over 250 customers across a broad range of markets including video and audio delivery, podcasting, ad serving, web hosting, gaming, traditional publishers and social networking companies.

Overlay.TV has completed a $4.6 million Series A financing round and will be launching its Internet video-advertising platform on February 14, 2008. The funding, from Celtic House Venture Partners, EdgeStone Capital Partners and Tech Capital Partners, will provide Overlay.TV with the resources required to successfully deploy its innovative solution.

The Overlay.TV platform allows viewers to interact with online video, and enables content owners and distributors to monetize their video assets. As video streams from its original location, such as leading video sharing sites, viewers are able to opt-in to receive “overlays” which provide contextual information about the content being viewed. The overlay technology allows any image in a video to be ‘hyper-enabled’ and allows a viewer to click on the image, right in the video, and take any number of desired actions that are directly associated with the context of the image being viewed.

Tremor Media closes a Series B round of funding of $11 million. The round was led by Canaan Partners and Masthead Venture Partners, both of which led Tremor's prior round of funding. This financing raises the total investment in the company to $19.4 million, including the previous round of $8.64 million that closed in September of 2006.

Tremor Media will use the funds to accelerate strategic growth plans, continue to extend its leadership position in online video advertising, expand its product offering to advertisers and publishers with new video ad formats and publisher tools, and enhance the flexibility of its technology platform to quickly respond to trends in the online video ad industry.

Green living enthusiasts can learn about eco-friendly building practices and sustainable living alternatives from the convenience of their laptop, video iPod or iPhone, thanks to a new digital TV show, Mainstream Green, from ON Networks. The video-on-demand series is designed to be an online green resource for consumers buying or building a home, as well as existing home owners looking to “go green.”

Hosted by high-performance home builder Alex Pettitt, Mainstream Green engages and informs viewers on all things environmentally friendly – from the nitty-gritty of insulation to the big picture of master-planned communities. By educating viewers on such eco-friendly building alternatives, Mainstream Green hopes to arm them with money-saving, healthier options that are also designed to make the world a little greener.

FORA.tv closes its seed round of financing with an investment from Adobe Systems Incorporated. Adobe joins noted investor and venture capitalist Will Hearst who has invested personally in the seed round. In addition to leveraging Adobe Flash Player compatible video technology as its content delivery platform, FORA.tv is distributing video content via the new Adobe Media Player. The Player offers high quality video and allows users to view their favorite content both online and offline via IPTV.

Verimatrix announces that it has raised an additional $5 million of capital to underpin a rapid growth in customer engagements and support the company's penetration into hybrid, cable and mobile applications. The additional backing comes at the same time the company has again been tapped as the global market leader in content security. TelecomView's recently released report affirms the company's global number one position in Opportunities in TelcoTV: Forecast & Market Shares - 2006 to 2012.

Narrowstep has completed a private placement of its common stock and warrants resulting in gross proceeds to the company of $10,510,000. In this placement, the company issued 42,040,000 shares of common stock and five-year warrants to purchase an additional 21,020,000 shares of common stock at an exercise price of $0.50 per share. As part of this transaction, the company's convertible note issued earlier this year, will also convert into shares of common stock.

adap.tv has closed a Series A funding round of $10 million from new investor Redpoint Ventures and existing investor Gemini Israel Funds, to enhance and expand the company's product offerings, broaden recruitment efforts, and grow operations.

A pioneer in the field of online video advertising, adap.tv's advertising platform unlocks the value of the entire video by offering viewer-friendly advertising and message placement functionality that extends beyond pre- and post-roll advertising spots. Utilizing sophisticated algorithms that not only analyze video content and determine the most relevant ad, the company's technology adapts in real time to viewer behavior, thereby increasing the success rates for publishers and advertisers alike

PermissionTV has closed a new $9 million round of financing. The round was led by two new investors, Castile Ventures and Point Judith Capital, who join existing investors Common Angels, CramerOnline, Inflection Point Investors, the Massachusetts Technology Development Corp., SAS Investors and the Venture Capital Fund of New England. Castile Ventures’ Carl Stjernfeldt and Point Judith Capital’s Sean Marsh will join the PermissionTV board.

The investment will be used to accelerate the company’s position as an emerging leader in Internet video technology, expand its strategic sales team, and continue the delivery of new solutions for leading corporations, media and entertainment companies and advertising and interactive media agencies.