SAN DIEGO, Dec. 3, 2015 /PRNewswire/ -- younity, a leading cloud service for unifying personal media across all mobile devices and computers, today announced an $8 million Series A round of funding. New York-based Marker LLC, a leading global venture capital and growth equity firm, leads the funding round with participation from Tim Draper's Draper Associates and PROfounders Capital, bringing the funding total to $11.25 million. With this new funding, younity will continue to grow by improving app capabilities, hiring talented team members and expanding offices.
"This new financing round will power us to drastically grow the company," said Erik Caso, co-founder and chief executive officer of younity. "We look forward to welcoming new team members, developing industry partnerships and further innovating on the amazing technology that is re-inventing the home media center. Consumers should be able to access their content anytime, anywhere, and this funding allows us to continue to make this belief a reality."
With this new capital, younity will invest in their team, hiring new employees in Encinitas, Calif. and Boulder, Colorado, as well as expand younity's coverage of device platforms to include third party platforms and online services. This fundraising also welcomes Rick Scanlon of Marker to the younity board.
"younity has taken a very out of the box approach to enable people access to their personal media and content," said Rick Scanlon, co-founder and partner at Marker. "While most companies build giant storage solutions, they're building an access platform that doesn't care where media is stored - online or offline."
"It's amazing what the younity team has built. younity's streaming media platform introduces a whole new way to privately access and share personal media," said Tim Draper, founder and managing director of Draper Fisher Jurvetson.
younity offers consumers a simple and free alternative to services like Plex's Premium Plex Pass and solves a major painpoint for consumers who have a large volume of media and files spread across multiple devices, such as computers, smartphones and tablets. younity's patented technology enables users to access all files stores across multiple devices and unifies all documents and media libraries (like iTunes catalogs, Adobe Lightroom portfolios and more) via a single secure mobile application. Users can easily and securely access, stream and share all media, without storing anything online, for total privacy.
In the last six months, younity has unified over 1.4 billion files representing more than 9.5 PBs of data that is streamed directly between user devices. This results in over $1.1 million in online storage fees that younity users have kept in their pockets.
younity is an innovative tech startup that helps consumers to unify all media (TV, photos, video and music), across all devices and computers. Users can stream, access or share media anytime, from any device, anywhere. younity's vision is to fundamentally change the relationship between people, data and devices. younity's four apps are available for download on iPhone, iPad, Windows and Mac. younity is owned by Entangled Media and based in Encinitas, California. For more information, please visit www.getyounity.com.
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