Milpitas, Calif. — Vuclip, a Milpitas-based developer of mobile video services, said it has raised $13 million in its fourth round of funding, led by SingTel Innov8.
Previous backers New Enterprise Associates (NEA) and Jafco Ventures also participated in the round, which will be used to expand the company’s market presence in Asia, the Middle East and Latin America, as well as to further develop the company’s media and advertising platform.
Vuclip currently provides mobile video to 45 million monthly active users worldwide. The company’s service allows users to search, discover and share online videos, and play them on any Internet-enabled device.
This article was also published in Bay Area Tech Wire.
Vuclip — http://www.vuclip.com
Vuclip — press release