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DataSphere, one of the fastest-growing players in the increasingly crowded hyperlocal news space, has raised $10 million in its third round of funding.
The company, which helps TV stations set up hyperlocal websites and then monetize them, has landed several major partnerships since it last raised outside cash in January; notably, Gannett chose DataSphere in June to help it launch “community sites” for 10 of its local TV stations.
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DataSphere pitches its platform as an easy way for established local TV broadcasters to capture some of the booming market for local online advertising. More…