OpenGlobe announced on Monday that it raised a $14.9 million first round of funding, led by Lazard Freres. Other investors include Lazard Venture Advisors, Baystar Capital, Texas Instruments and Avram Miller, former Intel director of corporate business development. Indianapolis-based OpenGlobe also expects to receive an additional $2 million to $4 million within the next 60 days for its first round. OpenGlobe develops hardware for customers to market under their own brand names, which allow their consumers to store and access media collections, use digital media, and create favorite playlists.
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