Monday, June 18, 2012

Ooyala Raises $35M

Mountain View-based Ooyala, which develops digital video services, reported today that it has raised $35M more in new capital. The funding for the Series E was led by Telstra Applications and Ventures Group, along with prior investors Sierra Ventures, Rembrandt Venture Partners and CID Group. The deal includes a link between the firm, where Telstra will become a customer of Ooyala, and resell the firm's software, analytics and service offerings throughout Australia. More information »