More NewsBrightcove Scores $60 MM Round

Brightcove Scores $60 MM Round

We don't usually cover funding, but this is a lot of money and a company we've watched closely

brightcove.pngWe don’t usually cover funding, but this is a lot of money and a company we’ve watched closely. Brightcove has raised a fat C-series round of $59.5 million from a list of investors that includes The New York Times Company. If nothing else, it means the company just got a big extension on its start-up adolescence. It’ll now have time to experiment with video formats and figure out whether it wants to be a pure syndication play, build a consumer-facing portal, or try more themed video collections of the sort it did for Sony BMG.

CEO Jeremy Allaire said the money would be used to expand internationally, build better tools and add more interactive features for consumers.

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