Ooyala Raises $10 Million From Rembrandt and Sierra

Ooyala is a video start-up company that has raised $10 million in Series C funding. The funding will be used for aggressive growth, partnerships, and international expansion. Investors in the company include Rembrandt Venture Partners and Sierra Ventures. Ooyala created a platform called Backlot which is used for publishing and monetizing videos. Some of Ooyala’s customers include Warner Brothers and Electronic arts.

Ooyala was founded by three former employees at Google in 2007. So far the company has raised $20 million in funding. This past August, the company hired Jay Fulcher as the CEO. “We will probably be doubling, possibly even tripling our operation (from over 60 staff) over the next 12 months,” stated Fulcher in an interview with paidContent.

Related posts:

1. Ooyala Hires Jay Fulcher As CEO
2. InsideView Raises $6.5 Million In Second Round From Emergence Capital Partners and Rembrandt Venture Partners
3. Hangout Raises Additional $4 Million From Highland and Polaris
4. YuMe Raises $2.9 Million, Bringing Total Funding To $19 Million
5. Booyah! Raises $5 Million In Second Round Funding