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Ooyala raises USD10m in Series C funding

Oct 13, 2009 (TELECOMWORLDWIRE via COMTEX) --

Company: Sierra Ventures Inc (SRVS)

Video platform applications and services provider Ooyala Inc announced Tuesday that it has closed a USD10m round of series C funding with current investors including Sierra Ventures participating in the round.

The company said that a new investor, Rembrandt Venture Partners, led the round. In Sik Rhee, general partner at Rembrandt, will be joining the Ooyala Board of Directors.

Ooyala has now raised a total of USD20m. 

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Company: Sierra Ventures Inc (SRVS)


Related terms: video

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