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Mail.ru invests USD 2 mln in Magisto, starts cloud service

Monday 24 February 2014 | 21:19 CET | News
Russian internet company Mail.ru has invested USD 2 million in Israeli video storytelling platform Magisto. The company has integrated a service from Magisto to its Odnoklassniki social network. Magisto offers a cloud platform which allows users to edit their video content and share it with other users. The company will soon also introduce HD video services soon. Horizons Ventures, Magma Venture Partner, Qualcomm and SanDisk earlier invested a total of USD 18.5 million in Magisto.

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Categories: Broadcast & Satellite / Internet
Companies: Mail.ru / Qualcomm / SanDisk
Countries: Russian Federation
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