SPROCKIT, the marketplace that connects emerging media, entertainment and technology companies, has announced that its companies have collectively raised more than one billion, including US$500 million after joining SPROCKIT
This milestone was reached as SPROCKIT unveiled its final selection of start-up companies that will be featured in the SPROCKIT Hub at the 2019 NAB Show, held 6-11 April in Las Vegas.
Thirty-five SPROCKIT companies, consisting of new and alumni members, will be exhibiting in the new Innovation Pipeline located in the North Hall.
They will also participate in SPROCKIT Sync events, a series of private forums throughout the year, where industry executives and entrepreneurs meet to discuss new technologies and opportunities for collaboration to advance the industry.
SPROCKIT corporate members include Comcast, FOX Networks Group, Google, Hearst Television, Public Media Venture Group, Samsung NEXT, TEGNA, Univision and Verizon.
Harry M. Glazer, founder and CEO, SPROCKIT, said, “When we first introduced SPROCKIT at NAB Show in 2013, our goal was to discover and spotlight the next generation of game changers in the media, entertainment and technology industry.”
“Less than six years and more than 150 companies later, our members have collectively surpassed one billion in funding, including US$500mn after joining SPROCKIT from heavyweights like Softbank, BDMI, and Google Ventures. It is a true testament to the power of the global community and strength of the collective,” he added.
Chrissy Towle, head of news and local media, commented, “Google values the innovative approach that SPROCKIT companies bring to the table. At each meeting, including SPROCKIT Sync SV at Google in Mountain View, we discover companies with solutions that can immediately address pressing needs in the media and technology space.”
