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Connected Life and Work Fund invests in Cooliris


Bonn, July 14, 2009 – T-Venture today announced an investment of the Connected Life and Work Fund in Cooliris, the company advancing visual three-dimensional na vigation for the increasingly media-centric Internet. The investment of the Connected Life and Work Fund is part of a 15m USD series B funding round from a group of blue chip investors including Kleiner Perkins Caufield & Byers, DAG Ventures and The Westly Group.

This comes alongside the introduction of its newest application, the Cooliris Wall. The amount of content on the Web continues to grow exponentially. More than 13 hours of video are added to YouTube every minute and more than 850 million photos are uploaded to Facebook every month. “The Cooliris Wall truly revolutionizes the user experience to consume the overabundance of rich media on the Web and on the mobile platforms,” said Ralf Baumann, Senior Vice President Portal at the Deutsche Telekom AG. “Very few products provide this kind of deep-rooted intuitiveness blen ded with an innovative business model which then drives revenues and make a world of a difference for global consumers.”

The success of Cooliris has attracted a vast array of popular and premium content publishers to syndicate their content and enable the Cooliris Embed Wall technology on their sites. Cooliris users can scan up-to-the-minute news from CNN, F.A.Z., and Boerse Online, or browse the latest sports and celebrity news from sources like Bild.de and MSN.de in Cooliris Discover. Publishers have benefited from syndicating to Cooliris because of increased views of their monetized content and additional traf fic to their own site.

Cooliris has extended its presence beyond the Web. The latest version of the appli cation now also supports desktop photos so users can show off photos to their family and friends from their own computers. Users can also carry the experience on the go; Cooliris for Mobile has already received over 800,000 downloads to date with users embracing this application on their iPhones for searching and discovering great con tent.

“We are delighted to have T-Venture partner with Cooliris because of their domain expertise in providing game-changing innovative products to customers around the world,” said Soujanya Bhumkar, CEO of Cooliris. “We foresee a degree of collabora tion that creates real value for all of us.”

Headquartered in Palo Alto, California, the Cooliris team consists of seasoned execu
tives, engineers and entrepreneurs from companies like Adobe, Apple, eBay, Elec
tronic Arts, Google, Microsoft, PayPal and YouTube. Cooliris has reached 13 million
installs of the product, with tens of thousands downloading everyday. The latest ver
sion is available for the PC, Mac, and Linux platforms, and can be downloaded at
www.cooliris.com.

About Cooliris
Cooliris advances visual navigation for the Web, Desktop, and Mobile. Its flagship product is the Cooliris 3D Wall, which is designed to help users consume the overabundance of rich media on the Web and discover great content. Cooliris enables a faster and more intuitive browsing experience for images, videos, news, games, and social networking websites. Cooliris is headquartered in Palo Alto, California. For more information, please visit www.cooliris.com.

About Connected Life and Work Fund
The Connected Life and Work Fund is managed by T-Venture, the venture capital company of Deutsche Telekom. Its purpose is to support the department Products & Innovations of Deutsche Telekom in implementing its goals. The focal points for investment are companies in the areas of internet and media. For more information please visit: www.t-venture.de.

Press Contact:

Cooliris, Inc.
Jenny Lum
E-Mail: jenny@cooliris.com
Tel +1-301-219-2562

T-Venture Holding GmbH
Sabine Kohl
Gotenstrasse 156
53175 Bonn
Germany
E-Mail: t-venture@telekom.de
Tel.: +49 228 30848-0


Publisher Contact Information:

T-Venture Holding GmbH
+49 228 30848-0
t-venture@telekom.de

Company profile of T-Venture Holding GmbH
Past press releases of T-Venture Holding GmbH.

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