Mountain View, Calif. - Ooyala, a developer of online video and advertising delivery technology that was founded by a group of former Google employees, said this week that it has raised $8.5 million in its second round of venture capital, from Sierra Ventures and private investors.

Mountain View, Calif.-based Ooyala says its platform can cost-efficiently deliver up to HD-quality video over the Web, along with non-intrusive advertising.

Related Links:
http://www.ooyala.com/blog?eid=22

http://www.ooyala.com