New Online Video Delivery Platform

Web video engine Brightcove has just completed a new $12 million round of funding from investors who see Web clips as tomorrow’s money-maker. One question remains: Can Web videos turn a profit?

The new $12 million means that since 2004 Brightcove has raised $99 million in funding. What has Brightcove done with all its dollars? Amassed an impressive client base, including the online versions of prestigious publications like the New York Times and Time magazine. The company, riding high on these successes and this new multi-million dollar pile of investment cash, is now expected to go public as soon as next year.

Filed Under: Social Media

Tags: brightcove • HTML5 • new york times • tim magazine