Bangalore, India – Althea Systems, developer of the Shufflr
social video browser, has raised $3 million in its first round of venture
capital financing, led by Intel Capital.
India-based Althea’s Shufflr provides
personalized video recommendations.
The company is working on versions of its
service for smartphones, tables and TVs.
Althea will use the investment to
expand its development team and marketing efforts.