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Eyeblaster gets $8 million investment

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New York--Rich media company Eyeblaster announced Monday the closing of an $8 million round of venture capital funding from New York-based Insight Venture Partners. Eyeblaster said the additional funding will be used to expand Eyeblaster’s operations, allowing the company to move into new markets. Deven Parekh, managing director of Insight Venture Partners, will join Eyeblaster’s board of directors. Eyeblaster said its revenues increased 87.5% between 2002 and 2003, with a similar jump in profits.
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