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Ooyala raises $10 million in Series C financing

Oct 13, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Company: Sierra Ventures Inc (SRVS)

Ooyala, Inc., a US-based provider of end-to-end video platform applications and services, has raised $10 million in Series C financing led by Rembrandt Venture Partners.

Sierra Ventures also participated in the round of funding. 

Deal Value (US$ Million) 10
Deal Type                Venture Finance
Sub-Category             Growth Capital/Expansion
Deal Status              Completed: 2009-10-13

Deal Participants 

Target (Company) Ooyala, Inc.

Deal Rationale

The proceeds of the transaction will be used to add growth to its business and develop products.

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX

Company: Sierra Ventures Inc (SRVS)


Related terms: business, expansion, products, video

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