Thursday, November 09, 2006

GigaOM » Brightcove raising $55M, $225M post

"With the launch of its service and video network, Cambridge, MA-based broadband video startup Brightcove is looking to raise a substantial round of capital, sources within the investment community say. According to our sources, the company is looking to raise just over $55 million in fresh capital, give or take a few million. That kind of money would give the company a post-money valuation well north of $225 million range, sources say."

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