Ustream.TV announced that it has secured $11.1 million in Series A funding from venture capital firm DCM and existing investors, Labrador Ventures and The Band of Angels. The funding will enable Ustream to accelerate product development and meet growing market demand for an interactive, broadcasting platform.
Ustream’s easy-to-use, reliable and scalable broadcasting platform has experienced remarkable adoption in one year since its beta launch. The open platform has already registered over 260,000 broadcasters, including Presidential candidates Barack Obama and John McCain, entertainers Johnny Knoxville and Chris Brown, as well as technology and business leaders broadcasting a wide range of interactive events. Successful partnerships with Bebo, Veoh, Digg, Meebo, Sun Microsystems and the Republican National Convention have both validated and expanded Ustream’s success in online broadcasting.
Originally posted on April 10, 2008 @ 7:22 pm
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