Video service Brightcove raises $59M
Brightcove, a company that gives media outlets and other businesses a platform to deliver online video, has raised a whopping $59 million in a third round of funding.
Amid the trend of consolidation hitting the sector, this funding will help tide the company over. There are oodles of other companies doing something similar, from Twistage, to Reality Digital, vSocial and GridNetworks.
Besides, no one can afford to let Brightcove go under. All kinds of media groups are… Continue Reading