The Mountain View, Calif. company, founded by ex-Google employees has claimed to have created a “new interaction and monetization platform for online and offline video,” and that it raised a large round of funding from the “typical folks in the valley and the not-so-typical guys in Hollywood.
Ooyala’s main product is an HD-capable video distribution and ad-delivery platform. The system, which is still awaiting patent-approved status, won Ooyala an Amazon-sponsored start-up competition earlier this month. They will receive a $50,000 in cash and $50,000 worth of Amazon Web Service credits.
The Ooyala system promises to offer targeted advertising, branding and buffering, which allows viewers to skip to any point in the video.
|04/01/07||Series A||10M||Sierra Ventures||Unknown|
|01/24/08||Series B||8.5M||Sierra Ventures||Unknown|
|10/01/09||Series C||10M||Rembrandt Venture Partners, Sierra Ventures||Unknown|
|View more financial info about Ooyala|