Ooyala Tunes Into $22M

Wade Roush9/10/10

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 Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @