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 downloads.

Previous investors include DCM, Western Technology Investors, Band of Angels Fund and Infinity Venture Partners Incubator Fund of Japan.


Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found




Thursday 10:05 AM
NAB Requests Expedited Review of Spectrum Auction Lawsuit
“Broadcasters assigned to new channels following the auction could be forced to accept reductions in their coverage area and population served, with no practical remedy.” ~NAB


 
Featured Articles
Exhibitions & Events
Discover TV Technology