BlackArrow Garners Moto VC Money

Motorola Mobility, a subsidiary of Motorola (www.motorola.com), through its strategic investment arm, Motorola Ventures, announced an investment in BlackArrow (www.blackarrow.tv). The investment represents an extension of BlackArrow's previously announced Series...

Motorola Mobility, a subsidiary of Motorola (www.motorola.com), through its strategic investment arm, Motorola Ventures, announced an investment in BlackArrow (www.blackarrow.tv). The investment represents an extension of BlackArrow's previously announced Series C funding; terms of the investment were not disclosed.

The two companies intend to develop integrated addressable media and advertising solutions for set-tops and mobile devices, as well as cloud-based, hosted video services and IP video delivery. BlackArrow plans to use the additional capital from the investment for new product development and worldwide deployment of its Advanced Advertising System.
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