Mountain View, Calif. – Ooyala, the provider of a video
publishing platform, announced on Thursday that it has raised $22 million in
its fourth round of funding, led by CID Group and ITOCHU Technology Ventures.
Previous backers Sierra Ventures and Rembrandt Venture Partners also participated.
Founded in 2007, Mountain View, Calif.-based Ooyala hosts video content
published by media firms, and is looking to expand further into Asia.
company said it has doubled in size over the past year, tripled its customer
base, and opened five new offices.