Monday, December 12, 2011

Lofty Projections for DigitalSmiths' New Video Search Technology

From David Ranii, News & Observer

Durham-based [CED Member] DigitalSmiths is projecting its newest video search technology, which will be on display next month at the giant Consumer Electronics Show in Las Vegas, will eventually outsell its flagship product.

CEO Ben Weinberger said the company, which has 60 employees and has raised about $30 million in venture capital to date, has been quietly working for 18 months with a number of cable, satellite and digital video providers - and even TV and Blu-ray player manufacturers - that have been diligently testing the company's new Seamless Discovery video-search-and-recommendation technology.
The sales cycle is long, but in the last 30 to 60 days, "we have won deals that we're not able to announce yet" at the insistence of customers, Weinberger said. "Things are heating up very fast." Some of those deals will be unveiled at CES.
This is great news for CED Member DigitalSmiths. For additional reading, please refer to the original article.