16 Jan '12, 7am

S'pore and Tokyo-based @Cinemacraft receives funding from @500Startups

Singapore and Tokyo-based Cinemacraft receives funding from 500 Startups January 16, 2012 by Terence LEE Cinemacraft, a Singapore and Tokyo-based interactive media platform startup, has announced today an investment from 500 Startups , a Silicon Valley startup accelerator. This injection comes within months of earlier investments from Singapore-based Jungle Ventures and other angels. To date, Cinemacraft has received US$900,000 in funding, and also a research and development grant from the Infocomm Development Authority of Singapore (IDA), which is spread over two years. The startup’s flagship product is a proprietary cloud based platform that allows content to be distributed to a multitude of mobile devices and networks. Essentially, it wants to transform every mobile device into a television. “It’s heartening to be included among some of the world’s brightest emerging co...

Full article: http://sgentrepreneurs.com/news-stop/2012/01/16/singapore...

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