Ooyala raises $34 million

Posted Dec 11, 2013

Ooyala is a video service that has raised $43 million in a new round of funding. Ooyala offers online video managing services for customers that want to host, transcode, and monitor analytics around videos. Ooyala’s customers include ESPN, Comedy Central, TV Guide, ESPN, etc. Ooyala will be using the funding to increase their development for their video strewing and analytics platform. This round of funding was led by Australian telecommunications company Telstra. Ooyala has raised a total of $122 million thus far.

[Source: VentureBeat]