Ooyala Tunes Into $22M

9/10/10

Mountain View, CA-based Ooyala, the three-year-old maker of an Internet video platform that enables large media companies to share their video content online, said yesterday that it has raised $22 million in a Series D funding round led by new investors The CID Group and Itochu Technology Ventures. Existing investors Rembrandt Venture Partners and Sierra Ventures were also on board, according to a report today in VentureWire. The new funding, which will go in part toward international expansion, brings the company’s total venture pot to $42 million.

Wade Roush is a contributing editor at Xconomy. Follow @

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