The Cisco and Deutsche Telekom-backed video advertising software provider has received capital from Goldman Sachs that it described as pre-IPO funding.

InnoVid, a US-based video advertising software provider backed by networking technology supplier Cisco and telecommunications firm Deutsche Telekom, has secured $30m in pre-IPO funding. The financing was provided by investment bank Goldman Sachs’ Private Capital Investing group and took the company’s total equity funding to approximately $83m. Founded in 2007, InnoVid operates a video advertising…

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