Freepath, a digital content sharing tool provider that based in Folsom, California is raising $1.5 million in Series A funding. The venture capitalist that leads this round of financing is Velocity Venture Capital, with other investors include individual investors from Strategis Early Ventures, Sacramento Angels and Sierra Angels. Freepath’s technologies is still in private beta, is known as critical to delivering videos, images, or videos import into the Freepath’s powerpoint presentation slides. Understand their technologies make me realize that Freepath would be the next big thing creator that transform itself as an innovator in its battle against some other multimedia companies. At the same time, not many information can be found on their home page, and I’m still waiting for the free download of Freepath software.

Though Freepath was founded in this year, I believe this software is the same software that developed by Grass Roots Software in year 2006, created with the main purpose to equip presenters with tools to easily integrate multiple file types into a single live digital presentation. In their notes, Freepath provide the following features:

1. Freepath plays your PowerPoint presentations one after the other, or even some slides from each of the presentations in your playlist.

2. If you want to add a Flash animation or a QuickTime movie between slides 3 and 4, you can just insert them in your playlist!

3. If you want to add live Word and Excel content to your presentation, just put them inside the Freepath playlist.

4. Insert PDFs and live Web pages (as long as you are online) in your playlist.

5. Play sound in your playlist.

Apparently, these solutions will be challenged to show innovation and value in comparison with PowerPoint: Plays PDF, QuickTime, iTunes MP3, Live Web sites, even real-time display of Word and Excel files that traditionally PowerPoint that ignored.