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CIT Invests in Dulles-Based

The Herndon-based Center for Innovative Technology (CIT) said on Thursday it has invested an unspecified amount in Dulles-based, the developer of a real-time marketplace for photo and video journalism. The site is designed to let media companies, freelancers and citizen journalists sell breaking news stories to media outlets. Content creators upload their work, select pricing and licensing options and decide which media outlets to deliver to. The investment came from CIT's GAP Funds, which make seed-stage equity investments in Virginia-based technology, clean tech and life sciences companies.

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