Ooyala completes Series E funding, and establishes operations hub in Singapore
Louise Duffy | 02-10-2012
Ooyala has announced that Singapore-based global investment firm EDBI has joined Telstra and others as Ooyala investors in closing its Series E round of funding.
The total amount raised is $35m. To further fuel its momentum throughout Asia, Ooyala is also establishing a new hub in Singapore to house its regional digital broadcasting operations and services.
Jay Fulcher, chief executive officer for Ooyala, said: "Two years ago we identified the Asia-Pacific region as a strategically important business imperative, and we're proud today to have become the definitive leader there. Ooyala is providing the technology platform that will soon be the standard for the biggest media and service providers in the region. Working with the likes of Telstra and EDBI, we now have some of the area's most powerful resources required to drive the transformation of the media services landscape throughout the Asia-Pacific markets."
Chu Swee Yeok, CEO of EDBI, added: "Ooyala's leadership in online video analytics and monetisation is its key differentiator from competing platforms. Establishing its Asia-Pacific headquarters and development facilities in Singapore, a premier business hub, strongly positions Ooyala to capitalise on the rapidly developing online video revolution in Asia. Through this symbiotic partnership, Singapore's data analytics capabilities will be strengthened with Ooyala's pioneering efforts in big data video analytics while EDBI's extensive international networks will be accessible to Ooyala, enabling it to further expand its global footprint through Singapore to Asia and the rest of the world."