Video on Demand Company AdRise Secures $21 Million

AdRise announced it has raised $21 million in financing from an undisclosed investor.

AdRise is the leading distribution and monetization platform for Connected TVs. With the shift in media consumption from linear TV to connected video devices (over-the-top boxes, game consoles, Smart TVs, Blu-ray players and tablets), AdRise has taken the lead on two fronts: building apps for premium content owners and monetizing them with targeted, measurable, and interactive advertising.