Boston-based Ramp pulled in $15 million in a recent round of financing, which included Comcast Ventures among the investors. The Series C round of financing brought the total capital raised to date to $40 million for Ramp.
Ramp specializes in software-as-a-service (SaaS) that includes a platform, called MediaCloud, for enhanced video search, content management, indexing and publishing.
As part of the funding round, Deborah Farrington, co-founder and general partner at StarVest, will be joining Ramp’s board of directors. StarVest was joined by Hearst Interactive Media and EDBI as new investors in Ramp, along with participation from existing Ramp investors Fairhaven Capital, Accel Partners, General Catalyst Partners and Comcast Ventures.
Ramp’s MediaCloud platform is in use by Comcast, Fox, ABC, Meredith, Hearst, NBC, and the NFL, among others.
“Ramp has developed robust capabilities and is serving many of Hearst’s digital media properties. The team’s vision for what’s next in online video is incredibly compelling,” said Darcy Frisch, vice president at Hearst Interactive Media. “We’re excited to help the company capitalize on major growth opportunities ahead for both media and enterprise.”