Ooyala gets $10M more for online video
Ooyala, a video startup founded by a group of former Googlers, has raised $10 million in a third round of venture funding.
The Mountain View, Calif., company sells its technology to companies that want to include video as part of their web content. For example, VentureBeat writer Dean Takahashi used Ooyala to publish the videos he recorded during the recent DEMO conference. The company also launched a livestreaming video service last week, making it more of a one-stop shop for all of your video needs.
Ooyala has now raised $20 million. The new round was led by Rembrandt Venture Partners, with participation from existing investors Sierra Ventures. The news also comes shortly after Ooyala appointed a new chief executive, Jay Fulcher. (Co-founder and former CEO Bismarck Lappe remains involved as president of product strategy.)
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About the Author, Anthony Ha
Anthony is VentureBeat's assistant editor, as well as its reporter on enterprise technology, cloud computing, and tech policy. Before joining VentureBeat in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. You can also follow Anthony on Twitter.