TechCrunch has reported that Clypd, a television technology platform, has raised $7.2 million in series A-1 funding. The round of investment was led by Atlas Venture.
Other investors included Freestyle Capital and Boston Seed Capital, per TechCrunch. Angel investors included John Battelle and Brightcove.
According to TechCrunch, "The company wants to make it easier for advertisers to buy small chunks of TV air time as small as 15 seconds long. By partnering with channels, Clypd will be able to allow TV channels to sell 'open' airtime to smaller customers."