Shufflr Gets $3M For Social Video Discovery
Summary
Bangalore-based Althea Systems is announcing a $3 million Series A funding from Intel Capital (s INTC) today. The startup recently launched its social video browser Shufflr this summer, and it has also built a video discovery platform dubbed ShuffleFeed that it plans to open to developers soon. Shufflr is an Adobe (s ADBE) Air-based desktop app that serves up personalized stream of videos on your PC. The company has also been developing applications for smart phones and connected devices, and Althea CEO Vinod Gopinath showed me a beta version of their Android app at NewTeeVee Live last week. When asked about the viability of such a product in light of YouTube (s GOOG) and others rolling out social interfaces like Leanback, he brought up an important point: Smaller publishers like the New York Times want to handle their video assets independently from YouTube, which is why they’re more likely to work with platforms like Shufflr than support third-party advertising with Google.
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