Media SaaS company Amagi enters unicorn club with $95-mn investment

Accel leads the financing round along with Norwest Venture Partners and Avataar Ventures

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