November 6, 2008 9:13 AM PST

Machinima.com raises $3.85 million in funding

Machinima.com announced Thursday it raised $3.85 million in funding from MK Capital and other investors, which will be applied toward its business expansion. This is the first round of venture funding the company has raised.

The company also noted it recently named five new board members: Yair Landau, former Sony Pictures Digital chief; Joi Ito, CEO of Creative Commons; Matt Coffin, LowerMyBills.com founder; Mark Terbeek, MK Capital partner; and Allen DeBevoise, CEO of Machinima.com.

The company provides tools to allow users to incorporate images from video games and apply them to movies, as well as generates revenue from charging game publishers that want to run trailers or video snippets of their games on its site.

Dawn Kawamoto covers enterprise security and financial news relating to technology for CNET News. E-mail Dawn.

Topics:: Games,; News,; Corporate stuff

Tags:: Machinima,; venture capital,; video games,; film,; entertainment

Share:: Digg; Del.icio.us; Reddit; Facebook

Inside CNET News

Scroll Left Scroll Right

Business Tech
Cisco ruffles feathers with new collaboration tools
Cisco turns up the heat on partner Microsoft as it expands and enhances its suite of collaboration tools.
Gallery
Photos: Top-rated reviews of the week
Apple
Rickrolling iPhone worm is never gonna give you up
iPhones that have been "jailbroken" are potentially vulnerable to a worm that replaces the device's default wallpaper with, yes, a photo of pop singer Rick Astley.
Beyond Binary
Sesame Street, Droid get Google's love
The search king has given much of its front page love this week to honor Sesame Street's 40th anniversary, but it did save some space to tout the new Droid smartphone.
Video
Exploratorium's shocking 40th anniversary kicks off
Digital Media
New pre-orders of Nook get later shipping date
Demand for the unreleased e-book reader is so strong that the bookseller is telling new customers not to expect shipment until December 11.
Video
A new workout for the Wii
Politics and Law
Going rogue? Palin bans gadgets, reporters from speech
The former Alaska governor joins a tradition of controversial politicians stoking up more press criticism by attempting to avoid it in the first place.
Health Tech
How much would you pay to see your future?
Three years after the human genome was sequenced at a price tag of $3 billion, Complete Genomics does it for just $4,400 in material cost.
Gallery
Photos: Emerging devices at AT&T Labs
Crave
Latest all-weather camera bags from Lowe Pro
Lowe Pro's latest additions to its line-up of all-weather camera bags.
Green Tech
Al Gore: It's not just about the planet
In a talk promoting his book, Al Gore looks for fixes beyond renewable energy and draws the link between environment, energy, and the economy.

Machinima.com raises $3.85 million in funding

Games,

News,

Corporate stuff

Machinima,

venture capital,

video games,

film,

entertainment

Report offensive content:

E-mail this comment to a friend.

Warning! You will be deleting this comment and all its replies (if applicable).

Most Popular

FAQ: Buying the right Windows 7 upgrade

N.Y. lawsuit details Intel's 'largesse' toward Dell

About Gaming and Culture

Gaming and Culture topics

Inside CNET News