Ustream broadcasts $11.1 M in funding led by DCM

Today, Ustream announced the close of our series A round. We’re absolutely excited to be working with the DCM team. There couldn’t be both a better strategic and team fit.

This capital will allow us to continue to serve our community. We’re looking forward to allocating it in areas that will bring new and exciting features and powerful functionality to our Ustreamers.

But don’t just take my word for it; take it from our Head of Development and fellow Ustream Founder, Dr. Gyula Feher:

“Over the past year our team has built an amazing infrastructure that has proven its ability to scale in both time and load. The funding will allow us to take our technology to a new level and provide a level of service unprecedented in the live space. We will also employ capital to turn those great ideas coming from our community into great features.”

Finally, I want to thank each individual in our Ustream community, including broadcasters, viewers and fans. Your feedback, evangelism, and great content has spurred us along the right path. Definitely keep it coming, and stayed tuned for exciting new improvements throughout the platform!

About Brad Hunstable, CEO and Founder

Brad Hunstable founded Ustream more than six years ago with a vision to bring live broadcast technology to the entire world. Since then, the company has established itself as the leading live, social video site. Hunstable has been ranked among 50 "Digital Power Players" by the Hollywood Reporter and on Variety's Producers Guild of America's Digital 25: Visionaries, Innovators and Producers for his work at Ustream. Brad is a graduate of the United States Military Academy at West Point and holds an MBA from Ohio State.
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