Mountain View, Calif. – Ustream, a provider of live video streaming
services, announced that it has closed a $75 million, second round of funding
led by Japan’s
Under the terms, Ustream will receive $20 million now, and Softbank
has the option to invest another $55 million by July 2011.
Mountain View, Calif.-based Ustream
counts about 50 million unique monthly visitors to its site, which facilitates
the distribution of live video streams.
The company said 3.8 million viewers
watched its stream of President Barack Obama’s inauguration, and 3.4 million
watched its live pre-show coverage of the American Music Awards.
Ustream will use the funds to help fuel growth in the U.S.
and Asia Pacific, specifically in Japan,
China, Korea and India.