Gotuit Media Scores $10M

12/02/2004 5:42 AM Eastern

Gotuit Media Corp. said Thursday that it has secured $10 million in third-round funding.

The vendor of video-on-demand products said total investment in the company is now more than $20 million.

The round was led by Atlas Venture, with participation by existing investors including Highland Capital Partners Inc.

Gotuit also announced that Atlas partner Jeff Andrews has joined its board of directors.

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