Ooyala Nabs $10 Million for Web Video Delivery Platform

Authored by Mark Hefflinger on October 13, 2009 - 8:34am.

Mountain View, Calif. - Ooyala, a provider of online video delivery services, announced on Tuesday that it has raised $10 million in its third round of financing.

New investor Rembrandt Venture Partners led the investment round; previous backers including Sierra Ventures also participated.

Mountain View, Calif.-based Ooyala's online video platform is used by customers including Warner Brothers and Electronic Arts.

The company will use the funds for an "aggressive expansion plan."

Related Links:
http://go.ooyala.com/funding2009.html