Existing investors Freestyle Capital and US Venture Partners also participated in the funding round.
In addition to the funding the company announced the launch of Chute Ads, a product which allows brands to use real-time visual content in digital ads.
Chute’s current customers include NBC News, Turner, House of Blues Entertainment, Conde Nast, the NBA, and Saks Fifth Avenue.
Foundry managing director Ryan McIntyre said, “We are deeply interested in companies that provide ‘magic infrastructure’ for developers that makes it simple for them to deploy complex yet elegant functionality at scale that integrates easily with their new and existing mobile and web apps.
“With over 500 billion photos taken via smartphones in 2012, Chute’s cloud media platform enables brands, publishers and developers to participate in the massive visual conversation happening every day.”
Foundry targets early-stage companies in the IT and software startups. The firm closed its $225m venture fund in September last year.
Copyright © 2013 AltAssets