AOL leads Internet TV provider's $16.2M round

Video over IP provider Brightcove raised $16.2 million in a second round of VC funding led by America Online. The companies also inked a video content distribution deal that will enable video publishers using Brightcove's open Internet TV service to feature their videos on AOL.com. America Online plans to market a co-branded version of the publishing program. Other investors in the company's second round included IAC/InterActiveCorp, Hearst, Allen & Company, Accel Partners and General Catalyst Partners.

For more on AOL's investment in Brightcove:
- check out the company Web site

Suggested Articles

Charter CEO Tom Rutledge acknowledged the struggles of the traditional pay TV bundle, but predicted that the cord cutting trend would slow down soon.

Effectv is launching Mnemonic, a full-service creative agency and a self-service creative portal through Effectv Ad Planner.

MobiTV is partnering with Telia Carrier to give its pay TV customers better streaming video app performance through direct access to data centers.