Yes, more good news in Online Video on the heels of Google acquiring Episodic just a few days ago. Brightcove, the MA based Online Video Platform has raised a series D round of $12 million bringing them to a whopping $99 million in investment since inception in 2004. We were fairly certain that Brightcove was in talks with Google back in September of 2009 but the price was too high and Jeremy et al were/are convinced that they’d do it on their own with a rumored IPO in their sights for 2011.
The Macromedia borne OVP has been on a tear the past few quarters with the launch of their SMB video hosting offering, Brightcove 4, Express Edition as well as wide-spread expansion Internationally. With the new funds they plan to further their world-wide expansion, accelerate product development, and improve upon their balance sheet.
2010 is certainly shaping up to be an interesting year for the OVP space as we’ve seen several acquisitions, mergers, and fundings in just the first quarter alone. This is clearly a defining year for online video as we rip off our training wheels and hit the vert ramps full steam ahead.
