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Net ad firm snags $19.5 million

Online advertising technology company Bluestreak says it has secured $19.5 million in its second round of financing, including investments from AOL Time Warner. Among the other investors are StarVest Partners, CIT Venture Capital, Lazard Technology Partners and Zero Stage Capital. Founded two years ago, the Newport, R.I.-based company said the funds will be used to expand its sales and marketing initiatives and extend its technology and services onto other digital platforms, including wireless devices and interactive TV. Bluestreak provides advertisers, Web publishers and agencies with the tools for online-advertising-campaign production, management and analysis.

Online advertising technology company Bluestreak says it has secured $19.5 million in its second round of financing, including investments from AOL Time Warner. Among the other investors are StarVest Partners, CIT Venture Capital, Lazard Technology Partners and Zero Stage Capital. Founded two years ago, the Newport, R.I.-based company said the funds will be used to expand its sales and marketing initiatives and extend its technology and services onto other digital platforms, including wireless devices and interactive TV.

Bluestreak provides advertisers, Web publishers and agencies with the tools for online-advertising-campaign production, management and analysis.