Building B Raises $17.5M

BELMONT, Calif. -- An emerging digital media company known as “Building B” has been attracting some of entertainment and technology’s most well-known leaders. In a broad reaching industry collaboration, Building B has amassed over the last year a management team, board of directors and advisory panel comprised of executives from throughout the entertainment and technology industries. The company has also recently attracted funding from Morgenthaler Ventures, Omni Capital, Index Ventures and private investors in a $17.5 million financing round.

Building B’s management team has been carefully constructed to include key executives from each critical area of its business model, including prior senior executives from such entertainment companies as CBS, NBC, MTV Networks, Nickelodeon, Paramount, Showtime and Viacom. Individuals on the management team have also led technology and market innovations while at Sony, Numerical Technologies, Liquid Audio, Clearwire and Bell Labs.

Joining Building B’s board of directors are Andy Lack, Sony BMG Music Entertainment chairman; Dr. Arun Netravali, managing director of Omni Capital and recipient of the National Medal of Technology for his pioneering contributions to HDTV; and Bob Pavey, a partner at Morgenthaler Ventures and an early investor in several industry defining technology companies, including Apple Computer.

“By aligning with experts from the entertainment and technology industries who understand the complexities of creating a new video entertainment platform, we have a formidable team that is collaborating with partners across multiple segments within the industry,” said Building B co-founder and chief executive officer Buno Pati. “We are pleased to have industry visionaries, innovators and luminaries such as Andy Lack, Arun Netravali and Bob Pavey join the Building B effort.”

Building B Inc.