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Venture Capital News: Tunity Announces $12M Series A

2018-02-20
NEW YORK, NY, Tunity today announced a $12 million Series A funding round.
Tunity, the developer of a unique Deep Learning and Computer Vision based technology that allows users to hear live audio from muted televisions directly on their mobile device, today announced a $12 million Series A funding round. The investment comes from existing investors, such as John Mack, former Morgan Stanley CEO, and Adam Neumann, Founder and CEO of WeWork, as well as new partners, including MGM Resorts International.

The funding will be used to complete the productization of Tunity's data, which is already attracting significant interest from television networks and advertisers, as well as enhance its patented cloud-based Deep Learning and Computer Vision technology. Since its launch, the Tunity app has been downloaded more than 1.5 million times, further proving the company's value proposition to consumers through organic adoption and continued usage. Several key industry executive hires will be announced in the next few weeks.

After a user scans a nearby television screen, the Tunity app identifies the live video stream and its exact timing, syncing the audio with the user's mobile device. Tunity currently works with more than 100 channels in the United States, including FOX, CBS and ESPN.

Tunity developed a cloud and mobile Deep Learning and Computer Vision technology that brings live audio to muted televisions everywhere. It is on a mission to revolutionize the out-of-home TV experience and transform the way brands engage with consumers. Whether you're watching in a bar, gym, waiting area or airport, Tunity lets you listen in real time to live news, sports or entertainment programming. For more information visit tunity.com.
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