Atlanta video technology firm onQ raises $7 million
Atlanta technology firm onQ has raised $7 million from a group of undisclosed angel investors.
OnQ bills its technology, which includes machine learning and analytics, as the “next evolution” of video.
“It turns dead, static, video into an interactive, conversational experience,” CEO Jim Marshall said. “Our software can go into both the enterprise and viral space and will have a profound impact. It’s no different than when silent films became ‘talkies.’”
OnQ’s goal is to make digital content, communications, and learning more communal, enabling organizations to better listen to their audiences, company founder and Chairman Jack Alexander said in a statement.
While onQ declined to disclose the names of its investors, the company said they include high net-worth individuals and mid-to-large size companies. The $7 million will be invested in product development.
OnQ, which employs nearly 30, plans to double its workforce with a year.
By Urvaksh Karkaria, Staff Writer
Atlanta Business CHronicle