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Brightcove: $59.5m and Obama

By mwelch January 17, 07 12:59 PM

Source: GigaOm

Local company Brightcove, an online video platform and destination start-up has raised a whopping $59.5 million in new funding from investors that include The New York Times and Transcosmos. Existing investors such as Allen & Company, AOL, and Accel Partners participated in the round. This will be a big year for online video as Brightcove and others, including new upstart Joost, will be going after established media companies in battle with Google-YouTube.

By the way, Barak Obama announced his "Presidential Exploratory Committee" yesterday via this Brightcove video. Beet.TV says that Obama's agreement with the company includes "ongoing publication of campaign videos, the creation of an Obama "channel" on Brightcove and a syndication function which will allow bloggers and Web sites to have campaign clips published directly on their pages."

Related:
The anti-YouTube
The TiVo-Brightcove endrun
Brightcove serves up the Times
Future looks bright

http://gigaom.com/2007/01/17/brightcove-raises-595-million/

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