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Russia's Trellas invests $30 million in VidMind

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August 7
1:01 PM 2014

Israel-based VidMind has just received $30 million in financing from Trellas, one of Russia's largest independent retail groups, which has already invested over $30 million in Vidmind.

VidMind offers over-the-top (OTT) internet TV content providers. The startup sells both the top box and video as service capabilities, which allows new TV providers to launch primary services. The technology would be the basis for a TV service in Russia called TVzor, which will provided by a Trellas subsidiary.  

"We are looking for evolving markets, Asia and Europe and South America are definitely interesting markets for us. Compared to those markets, the US is really saturated with many players already playing from the biggest brands, which makes it more difficult to break through", according to VidMind CEO Danny Peled.  

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