# Cooliris

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cooliris

- Industry: Internet
- Headquarters: Palo Alto, US
- Website: www.cooliris.com
- Total disclosed funding: $28M
- Latest round: Series C (May 14, 2010)
- Investors on record: 4

## About

Cooliris is an innovative technology company specializing in advanced visual media solutions that enhance user experiences across various digital platforms, focusing on streamlined media interaction and collaboration tools.Founded in 2006 and headquartered in Palo Alto, US, Cooliris is recognized for its development of visual technology that transforms how users interact with media. In May 2012, the company saw a strategic pivot when Amobee acquired Adjitsu from Cooliris. The company was later acquired by Yahoo in November 2014, with financial details of the transaction undisclosed. Cooliris has successfully completed 6 deals throughout its operation, with the most recent funding round being a Series C, in which it raised USD 9.350 mn with participation from DAG Ventures, DTCP Growth, Kleiner Perkins, and The Westly Group, bringing its total amount raised to USD 9.350 mn and its current valuation to USD 65.468 mn.Cooliris specializes in a range of innovative visual media products designed to address industry needs. Its offerings include advanced software solutions aimed at enhancing media interaction and collaboration. These solutions empower businesses by streamlining operations and facilitating real-time communication, catering to a diverse clientele that includes small to medium-sized enterprises and large corporations across North America and Europe. The company’s tools have been instrumental in sectors like technology, finance, and healthcare, effectively managing resources and data flows since their initial releases over the past five years.Cooliris generates revenue primarily through subscription-based models and strategic enterprise partnerships, focusing on both B2B and direct-to-consumer markets. Clients engage through tiered subscription plans, offering varying levels of access to flagship products, with specific pricing structures reflecting each service tier's capabilities. Transactions typically involve annual commitments, including volume licensing for larger enterprises, contributing to strong client retention and recurring revenue streams due to the subscription model.In its strategy for future growth, Cooliris is focused on designing and launching upcoming products that enhance its software capabilities. Specific release dates are yet to be announced, but expansion efforts target new markets, particularly in Europe and Asia by the end of 2025. The funding secured in the Series C round will be directed towards these initiatives, supporting product development and market entry strategies. The company’s last significant deal occurred on November 21, 2014, when it was acquired by Yahoo, marking a pivotal moment in its operational trajectory.

## Funding rounds

- Series C, May 14, 2010, $9.3M — Kleiner Perkins, DAG Ventures, DTCP, The Westly Group
- Series B, Nov 21, 2008, $15M — DAG Ventures, DTCP, The Westly Group
- Series A, Jul 15, 2007, $3M — Kleiner Perkins

## Investors

- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series A, Series C
- DAG Ventures (https://capitalatlas.ai/funds/dag-ventures) — Series B, Series C
- DTCP — Series B, Series C
- The Westly Group (https://capitalatlas.ai/funds/the-westly-group) — Series B, Series C