02.02.2010 03:00 PM
Ustream Scores $75 Million
LOS ALTOS, CALIF: Ustream, the
online service provider that enables live streaming to computers and iPhones,
said it has secured $75 million in Series B funding in a round led by Softbank
of Japan. Additional commitments are pending from other investors in the United
States and Asia, the company said. It indicated plans to expand in Asia, where
it considers the infrastructure more advanced for mobile 3G penetration versus
the United States.
Ustream’s live-streaming app was launched by iPhone last December, making it
the first of its type in the Apple App Store. Ustream says it’s had 1.5 million
Previous investors include DCM, Western Technology Investors, Band of Angels
Fund and Infinity Venture Partners Incubator Fund of Japan.