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Jan182007

Brightcove Raises $59.5M

$59.5 million is the amount of online video startup Brightcove’s Series C round. Om has the story over on the mother ship. He had previously gotten wind of the deal while it was still in the works in November.

Brightcove is hauling itself forcibly into the position of largest independent online video company, post-YouTube acquisition. It’s not quite a consumer play, so it’s often left out of rundowns of the players in the category. But check out the smooth design and high quality streams of Brightcove’s players; your YouTube-worn eyes will appreciate the relief.

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Brightcove, New Startup, Online Video, The New York Times Company, Transcosmos, Maverick Capital

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