Brightcove Completes New Venture Financing – WSJ.com

April 6, 2010

Brightcove Completes New Financing Round

Online-Video Management Start-Up Brings Total to $99 Million in Venture Support as Industry Shakeout Seen in 2011

more in Tech »

Brightcove Inc., already a well-funded player in online-video management, raised what could be its final financing from private investors, as money continues to pour into companies that provide services to distribute Internet video.

The Cambridge, Mass., company received $12 million in new funding and expects to go public as soon as next year. It hopes the funds will consolidate its lead among firms that help companies post and manage videos to their own and others’ sites.

Competition is heating up. Last week Google Inc. purchased Brightcove rival Episodic Inc. for an undisclosed sum. ThePlatform, owned by Comcast Corp., is targeting …

Online video continues to grow…

Posted via web from VA Business & Finance Blog
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