Updated 6/23/15 1:30 AM PST: Earlier, we reported that Clone.tv actually raised $1 million from Vested Capital Partners; they have not raised the money yet and are in the process of reaching that goal.
This past week EDMbiz hosted the first Insomniac and Digital Music News Startup Contest. Five startups presented to a panel of judges consisting of Brian Zisk of SF Music Tech, Larry Marcus of Walden Venture Capital, Paul Resnikoff of Digital Music News, Rachel Springate of Enright, Ryan Mac of Forbes, Brian Furano of Rothenberg Ventures, and John Boyle of Insomniac.
The winner of the contest is Clone Technologies, a startup that has built software that controls unmanned cameras. Their software automates live event streaming.
The company isn’t wasting any time. Clone Technologies is now raising $1 million in Series A funding from Vested Capital Partners. William Tkacs, Managing Partner of Vested, says:
“One of the things we really like here is the capability for Clone to enable top nightclubs to use this technology to help connect users—the fans—with the music they love. Obviously any club has physical space limitations but live streaming — cost effectively — allows for a much larger audience experience.”
Nina Ulloa covers breaking news, tech, and more: @nine_u
That will buy a lot of ecstasy.
It won’t. Because once you’re playing with other people’s money, you’re also playing with their rules. I try to tell that to startup entrepreneurs. Sometimes it’s better to worry about keeping the lights on then having extra cash; everything has a price tag.