Monday, September 21, 2009

Vuclip Raises $6 Million for Cloud-based Mobile Video Transcoding

Vuclip, a start-up based in Milpitas, California, announced a Series B funding round of $6 million supporting its cloud-based, real-time transcoding service.

Vuclip said it is already delivering more than one million mobile videos every day to mobile users on more than 3,000 unique mobile handsets in 150 countries around the world, including India, China and the United States. Vuclip's service enables video to play on any phone with a mobile browser and native media player. The company partners with numerous content owners around the globe to deliver premium, targeted content to consumers that is monetized through Vuclip's proprietary dynamic ad stitching technology.

The new funding was led by Jafco Ventures. Existing investor New Enterprise Associates also participated in the round.