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Web-Video Startup Ooyala Raises $10 Million Round

Investors Include Rembrandt, Sierra Ventures

Todd Spangler -- Multichannel News, 10/13/2009 10:23:53 AM

Ooyala, an Internet video management provider, announced that it has secured $10 million in series C funding, bringing its total raised to $20 million.

Rembrandt Venture Partners led the round, with participation from Sierra Ventures and other previous private investors. The Mountain View, Calif.-based company will use the funds to expand into U.K. and European markets, Ooyala president and CEO Jay Fulcher said.

Ooyala claims to have 150 media and enterprise customers, including Warner Bros., Wenner Media, Fremantle, Armani, Sybase, Electronic Arts and English soccer team Arsenal FC.

Ooyala means "cradle" in Telugu, a southern Indian language, according to the company.

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