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Arlington-Based Veenome Lands $600,000, Including $100,000 from CIT

Veenome, an Arlington-based developer of targeting tools that allow ad networks and publishers to monitor a product's performance on online video, said it has raised $600,000 in new funding, including a $100,000 investment from the Herndon-based Center for Innovative Technology (CIT). Other participants included India Venture Partners, Piedmont Investment Advisors and angels Ray Rahbar, Glen Hellman, Nick Tabbal and Dave Sandrowitz. Veenome's technology is designed to help advertisers determine which of the millions of videos online are best for them by identifying objects, brands and products contained in them and interpreting them into data points, such as tags and categories.

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