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Ustream broadcasts $11.1 M in funding led by DCM

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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!