Ustream, Inc. a San Francisco, CA-based platform that allows users to create, discover, and share live, online video experiences, has raised $6m in funding.
Backers include existing investors DCM and Softbank.
This funding, which adds to Korea Telecom’s $10m investment designed to establish the company’s second Asian joint venture in Seoul, will enable Ustream to expand content, continue to introduce innovations in online video products and build out its team.
Ustream provides a live and interactive video streaming platform that connects broadcasters and viewers through Facebook and Twitter social engagement tools, real-time chat and notifications, custom-designed channels and embeddable features across multiple websites and platforms.
Users can also broadcast, view and engage with others in real-time, directly from mobile phones, tablets, computers and smart TVs.
The company has been led by founder and CEO John Ham, who will hand over leadership to a new CEO while continuing as chairman of the board. Co-Founder and President Brad Hunstable will serve as interim CEO until an external search is completed.
2/2/2010: Ustream Annuonces $75M Series B Funding Led by SOFTBANK