Gigaom | MOD Systems Gets $35 Million From Toshiba And NCR For Content Download Kiosks

Funding Rounds

Summary

Toshiba makes portable memory cards and NCR makes kiosks, so it stands to reason that the two would love to see the tenuous idea of content kiosks take off… Hence the pair have invested a total of $35 million in MOD Systems, which makes a content management platform for such kiosks. The company’s kiosk system would allow users to grab content via SD cards or portable devices, like mobile phones. This concept hasn’t exactly taken off in the marketplace, though there are a smattering of companies (usually ones with something to lose if all media goes over the internet) pulling for this model. This announcement notes that Toshiba will also develop set top boxes that work with the system. Prior to this, Toshiba had already made a $4 million investment in the company.

$ Funding

$
Amount $35.0M Total raised
Date September 26, 2008 Announcement date
Investors - Lead investors
Company http://www.modsystems.com Funded company

Classifications

industries
Entertainment
applications
ERP & Process Management

AskAI Classifications

Labels
Software Development SaaS Technology

Linked Companies

MOD Systems
$1M to $5M