Cloud Media Start-Up Plizy Raises $4 Million From Atlas
Plizy, a San Francisco-based cloud media start-up, said it has raised $4 million in a Series A funding from Atlas Venture. The company, which recently launched a new version of its product on the Web and for Apple iPad, allows users to search, organize, watch and share online content, such as movies and television shows. Plizy, which had previously raised $1.2 million in an angel round, will use the money to expand its content offerings and build out to other platforms. In addition to the funding, Plizy said that PayPal President David Marcus will join Plizy’s board, along with Atlas’ Fred Destin.