Accel, Avataar Ventures, Norwest Venture Partners and Premji Invest led a $100m funding round in Amagi Media Technology.

Investment companies Accel, Avataar Ventures, Norwest Venture Partners and Premji Invest led a $100m funding round in Amagi Media Technology, a next-generation media technology company that provides cloud broadcast and targeted advertising solutions. "Amagi will immensely benefit from the collective experience of Accel, Avataar, Norwest, and Premji Invest in rapidly scaling our business and expanding our global footprint. Their deep understanding of B2B SaaS models will help us enhance value for our customers and partners. This will further nurture an entrepreneurial spirit in our employees, which is critical to building and embracing new technologies to solve complex business challenges," Baskar Subramanian, Amagi Co-Founder and CEO.