Ooyala Inc., a Mountain View, CA-based provider of video platform applications and services, including video analytics and monetization, has raised over $22m in a round of financing from new and existing investors.
The round was led by the CID Group and ITOCHU Technology Ventures, with participation from existing investors Sierra Ventures and Rembrandt Venture Partners.
Ooyala has now raised a total of $42m in three and a half years.
The company, which expects a second closing within the next 60 days, is expanding into new regions around the world, and just last week announced the appointment of John Treloar, a former Adobe executive, to run its Australia/New Zealand operations. Ooyala now has offices in Los Angeles, New York, London, Paris, Sydney and Guadalajara to serve over 500 customers, including Endemol, Fremantle Media, Johnson & Johnson, Telegraph Media Group, Glam Media, Vans, and Vice Magazine.
Commenting on the funding, Jay Fulcher, President and CEO of the company, was quoted as saying: “The entire APAC region is experiencing tremendous growth in online video viewership. These strategic investors will help position Ooyala as the leader in this large and thriving market.
“This financing will accelerate our pace of innovation and new customer acquisition as we continue to set the bar for how customers utilize and monetize video. Our publishers all across the globe are intensely focused on making more money with online video – and we are helping them achieve their goals”, Fulcher added.
FinSMEs
09/09/2010