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.

“Given the build-out of the Internet’s infrastructure, Castile made a decision to move up the value chain and seek a technology investment that enables high quality delivery of video over the Internet,” stated Carl Stjernfeldt, General Partner, Castile Ventures. “PermissionTV fits these goals. Its technology platform, along with the team’s deep operational experience and media connections, provide the infrastructure for rapid growth. I am excited to work with PermissionTV’s leadership team to reach the next set of milestones.”

“PermissionTV is an exciting investment for our firm as the company is proving that it understands the key digital drivers facing its customers as they deploy their high quality video content assets on the Internet,” said Sean Marsh, General Partner, Point Judith Capital. “We focus on backing exceptional teams building companies that are transforming large and important industries. Based on the blue-chip customers that PermissionTV has secured, the company fits this definition precisely. We look forward to working with the PermissionTV team to extend and grow their position as one of the leading interactive Internet video technology platform providers.”

In the past year, 30 leading content providers, media companies and agencies including Adobe Systems, Agency.com, Bob Vila, Fox’s myNetworkTV, Intercontinental Hotels, Molecular, Toyota Scion, Update Hollywood and Whitman Hart have partnered with PermissionTV to configure and manage branded Internet TV channels, create highly interactive and visually appealing video experiences, and monetize their audiences through ad-supported, pay-per-view and subscription-based services.

“The timing of this financing reflects the tremendous market adoption of high-quality Internet video, as well as the current wave of momentum behind PermissionTV,” said Bob Lentz, CEO of PermissionTV. “As we build out our infrastructure, sign additional new customers and partners, and expand our market awareness, we welcome Carl and Sean to our board and look forward to their firms’ involvement in helping to drive our future growth.”