Internet Broadcasting Platform Announces More Than 260,000 Broadcasters and Delivers Over 2 Million Viewer Hours per Month
LOS ALTOS, Calif.--(BUSINESS WIRE)--Ustream.TV (www.ustream.tv), the
leading internet broadcasting platform, today announced it has secured
$11.1 million in Series A funding from leading venture capital firm DCM
and existing investors, Labrador Ventures and The Band of Angels. The
funding will enable Ustream to accelerate product development and meet
growing market demand for an interactive, broadcasting platform.
“A few years ago, it was unimaginable to have
interactive broadcasting on the scale that Ustream delivers today. This
marks a major shift of online entertainment and it reflects a new desire
to interact and be a part of the show, rather than to just consume it,”
said Gen Isayama of DCM. “Investing in Ustream
was a decision based on the company’s
technology, pioneering vision, and track record for consistently
delivering enhancements that are attracting broadcasters and engaging
millions of viewers.”
“Live, interactive broadcasting is an emerging
form of media on the Web. Ustream is bridging the gap between the
content creator and the audience by allowing the audience to interact
and be a part of the show -- a clear evolution from the traditional mode
of passive content consumption. This financing will allow us to
accelerate our current trajectory. We are excited to be working with DCM
toward that vision,” said John Ham, Ustream’s
Chairman and Founder.
Ustream’s easy-to-use, reliable and scalable
broadcasting platform has experienced remarkable adoption in one year
since its beta launch. The open platform has already registered over
260,000 broadcasters, including Presidential candidates Barack Obama and
John McCain, entertainers Johnny Knoxville and Chris Brown, as well as
technology and business leaders broadcasting a wide range of interactive
events. Successful partnerships with Bebo, Veoh, Digg, Meebo, Sun
Microsystems and the Republican National Convention have both validated
and expanded Ustream’s success in online
broadcasting.
“Our users and partners, whether broadcasting
to ten or hundreds of thousands of viewers, trust Ustream's world class
infrastructure for their prized content and events. On our part, we've
been amazed by the sheer range of successful content our creators have
broadcasted employing the Ustream platform. This funding will enable us
to build out the infrastructure to support more partners, bigger
partners, more users, and an unlimited audience,”
says Brad Hunstable, Founder of Ustream.
Ustream Growth Metrics
Since launching its public Beta in March 2007, Ustream has experienced
exponential growth. In only a year since its launch, Ustream has
generated:
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260,000+ broadcasters
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Over 2.2 million unique viewers per month
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75,000–120,000 viewer hours per day
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10,000+ hours of live streaming content per day
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350,000+ hours of live streamed programming per month
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8,000-10,000 broadcasts per day
-
400 - 600 concurrent streams at any given moment
About Ustream
Ustream is the leading internet broadcasting platform. Ustream’s
proprietary technology powers an easy-to-use, web-based interface,
allowing anyone with a camera, computer and Internet connection to
broadcast live to the world. Integrated with a host of interactive tools
including chat rooms, co-host, and shout meter, Ustream’s
platform delivers real-time, social experiences on the web. Since its
beta launch in March 2007, Ustream has grown to 260,000 registered users
broadcasting 8,000 – 10,000 live shows a day.
Ustream.TV is headquartered in Los Altos, California, and is privately
held. For more information, please visit: www.ustream.tv.
About DCM
DCM is an early stage venture capital firm supporting entrepreneurs
building world-class technology companies. The firm’s
partners manage US$1.6 billion and have funded leading technology
companies including 2Wire, 51job (Nasdaq:JOBS), @Motion (Openwave),
About.com (The New York Times Co.), All About (Jasdaq:2454), Arroyo
(Cisco), Bittorrent, Clearwire (Nasdaq:CLWR), Dang Dang, eDreams (TA),
Foundry Networks (Nasdaq:FDRY), HireRight (Nasdaq:HIRE), Internap
(Nasdaq:INAP), IPivot (Intel), JCI (Nasdaq Japan - Hercules:9424),
Neopath Networks (Cisco), Neutral Tandem (Nasdaq:TNDM), nQuire (Siebel),
PGP Corporation, Recourse Technologies (Symantec), Sigmatel
(Nasdaq:SGTL), SMIC (NYSE:SMI), Sling Media (EchoStar), VanceInfo
(NYSE:VIT) and Vimicro (Nasdaq:VIMC). DCM offers hands-on operational
guidance and access to an extensive network of resources, including
close relationships with many of the Pacific Rim’s
leading companies and investors. For more information, please visit DCM’s
website at www.dcm.com.