Qik raises $5.5 million so I can watch U2 through some Italian guy’s cellphone
Now that early adopters are all waving video-enabled iPhones at us, demand for personal video publishing will grow exponentially (*). That’s probably why Qik, the company that makes it easy to stream live video from a cellphone onto the Internet, has secured another $5.5 million in funding. Quest Venture Partners and CampVentures led the round, along with several unnamed investors.
Marcus Ogawa from Quest has joined Qik’s board of directors. CampVentures’ Justin Camp has become a board observer.
The company had previously raised $4 million in funding through angel investors including Salesforce.com founder Mark Benioff and Internet poster boy Mark Andreessen. Qik is located in Redwood City. Competitors besides YouTube include Kyte and Bambuser.
(*) I’m not sure if it’s really an exponential function or not. But thank God for cloud computing to hold all this stuff.
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About the Author, Paul Boutin
Paul (paul@venturebeat.com) covers Apple & the iPhone, social networks & social media, digital music & video, and any crazy Internet story. Paul wrote and edited for Valleywag from 2006-2008, after several years with Wired magazine and Slate. He writes regularly for The New York Times' technology section and sometimes for Wired and The Wall Street Journal. He studied computer science at MIT in the early 1980s, and worked as a software developer and network administrator for 15 years before becoming a professional writer. Follow him on Twitter at @paulboutin, and follow VentureBeat on Twitter at @venturebeat.
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