Praise be to the Internet.
That amazing, information-laden vehicle has brought users a new way to amuse, surprise, and harass their friends and relatives. The company said it would use the funds to ramp up marketing and technology services in a bid to broaden a surfer's experience. Opticality Ventures led the round was joined by Schoffstall Ventures. In the meantime, the company intends to ride herd on three revenue streams that include advertising, sale of hardware and software, and a fee-based service where iClips ramps up the user's Internet connection to make the video clips clearer, faster and lifelike. Now, with iClips, ads are closer to TV commercial ads, which Diamant says should attract bigger companies that don't like the cramped banner format.