Online Video Platform SundaySky Raises $8 Million In First Round

Israel-based SundaySky has raised its first round of $8 million. Carmel Ventures and Globespan Capital Partners led the funding, which the company will use to expand its marketing and business development activities in the U.S. as well as continue to develop its products. Carmel Ventures’ general partner Avi Zeevi and Globespan Capital Partners’ managing director Jonathan Seelig will be joining the board of directors as well. Founded in 2006, SundaySky provides real time, automatically generated video for e-commerce, social nets and other media sites. Release.