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Amagi, a cloud-based SaaS platform for broadcast and connected TV, has raised $95 million in a funding round where the company was valued upwards of $1 billion. This makes the Bengaluru-headquartered start-up the eleventh unicorn of 2022.
The financing round was led by Accel with participation from existing investors Norwest Venture Partners and Avataar Ventures.
“This is a crucial juncture for our business as we look to hit a hyper growth trajectory by creating a winning combination of goals, processes, team structures and more,” said Baskar Subramanian, CEO and co-founder of Amagi.
“Our investors have a known history of crafting the success stories
