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Ustream Raises $75 Million in Funding
Mashable Feb 02 10
Live video streaming platform Ustream has just announced that it has raised $75 million in a Series B round led by Softbank, a telecom firm based out of Japan. Additional funding from strategic investors (aka previous investors) is still pending.
According to Ustream, the funding will help them expand their live video platform beyond the states and into Asia.
Softbank is an investor in Alibaba.com, social app maker RockYou, is the lead owner in Yahoo Japan, and has telecom and Internet businesses in multiple Asian countries. Its international reach and properties are likely to be an asset as Ustream expands internationally. Full story...
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