Thursday, January 18, 2007

Brightcove raises $59.5m in new round of financing - The Boston Globe

(Full article/snapshot) 

The Internet television company Brightcove, of Cambridge, said it closed a $59.5 million funding round. The round, led by AllianceBernstein, Brookside Capital, and Maverick Capital, also includes investments from The New York Times Co., parent of The Boston Globe, and Transcosmos Investments & Business Development Inc. Brightcove's technology enables media and entertainment companies to run video clips on their websites. Senator Barack Obama , Democrat of Illinois, used the Brightcove technology to embed a video player on his website when he disclosed he was exploring a run for president, Brightcove said.

Source: Brightcove raises $59.5m in new round of financing - The Boston Globe

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