Ustream.tv Scores Another Round for $11.1M
Ustreamtv tapped into more $ according to ‘always-on’ Caroline McCarthy:
There are seemingly more “livestreaming” services out there than people actually using them, but that hasn’t stopped Ustream.tv from raising $11.1 million in Series A funding. The cash comes from venture firm DCM, as well as existing investors Labrador Ventures and The Band of Angels. To be fair, Ustream has pulled away from the pack a bit: it’s the streaming service of choice for some high-profile live Web events like the Digg Town Hall.
With the new cash, Ustream will focus on product development and “meet(ing) growing market demand for an interactive-broadcasting platform.” In other words, it’s to better compete as the space grows tighter.
Adding fuel to burn the fire from their last round in December.
Ustream.TV Lands $2M for Live Web Video Service
RedHerring reports that Ustream.TV said Tuesday it has completed a $2 million angel round and that U.S. General Wesley Clark joined its board. Ustream and its competitors will need to attract large and consistent audiences before advertising dollars roll in. But they will be in competition with one another and
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REVOLUTION
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