Finally, some good news in the wide world of Online Video. Enterprise video publishing platform, Ooyala has secured another round of funding in a rather hostile VC environment. Coming off a quarter where only 17 of the total US VC firms were able to raise money themselves, Ooyala convinced Rembrandt Ventures as well as their previous investors to pony up a whopping $10MM C-round to be used to further product development and to expand over seas.
The timing couldn’t be better, recent announcements of fire sales, Kit Digital acquired The Feedroom for pennies on the dollar, and business model changes, PermissionTV renames to VisibleGains, suggest that times are tough for OVPs. But Ooyala shines a light on what’s good in our world ensuring that indeed there is still money to be had and business to be done in OV.
Ooyala is coming off of string of announcements including new product lines with Live Streaming, and the hiring of a new high-profile CEO, Jay Fulcher formerly of Agile Software. Let’s hope they can do some good with this injection of cash and further increase the value of the space.
Congrats Ooyala team.
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