Accel, Premji Invest and others invest over $100 million in Amagi

New Delhi: Tech firm Amagi on Saturday said Accel NSE 4.71 %, Avataar Ventures, Norwest Venture Partners and existing investor Premji Invest have collectively invested over $100 million (about Rs 735.2 crore) in the company. The venture funds have bought out the stake held by Emerald Media (an investment platform backed by KKR) and Mayfield Fund, a statement said.

Nadathur Holdings continues as an existing investor in Amagi, a cloud-based SaaS (software as a service) technology for broadcast and connected TV, it added.