Brightcove Featured in Wall Street Journal

Josh Hawkins's picture
Josh Hawkins on April 5, 2010

The Wall Street Journal has published an article featuring Brightcove and recent developments at the company.

Brightcove confirms that the company has closed a $12 million Series D round of financing led by Accel Partners and General Catalyst. Other existing investors, including AOL, Hearst, AllianceBernstein, Maverick, and Brookside Capital, also participated in the Series D.

Proceeds from the financing will be used to expand the company's cash balance sheet and increase investments in key growth initiatives, including expansion in Asia and Europe, the rollout of new product lines like Brightcove Express on a worldwide basis, R&D innovation, and possible M&A activity.

Link to the Wall Street Journal article.

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Trilastin SR (not verified) on March 11, 2011
It's great that Brightcove is getting some big-time recognition. Way to go!
lindaclare (not verified) on December 10, 2010
Brightcove appears to be hunkered down with its new funding and is ready for future prosperity, a strategy every startup should recognize and attempt to emulate in their future rounds of funding. Followers of Internet startups have been waiting for a major IPO for a few years and Brightcove could provide that in the next twelve months.156-215.70|RH202 | 642-446