Mobile Video Firm Vuclip Gets $13M
Mobile video service Vuclip on Wednesday announced raising $13 million in a series D round led by SingTel Inov8, the Singapore telecom giant’s venture capital arm, and including prior investors NEA and Jafco Ventures. That brings the company’s total raised to date to $27 million.
Vuclip, based in Milpitas, Calif., says it delivers more than 22 million mobile videos a day to an audience of 45 million unique users globally. It powers mobile video for wireless operators such as Vodafone and Airtel as well as content providers such as the Associated Press and UTV.
On the advertising side, Vuclip offers a variety of video ad formats and has attracted brands including Cadbury Silk and Samsung.
While the privately-held company doesn’t disclose financial details, it said in its funding release that it’s “approaching a double-digit million-dollar revenue run-rate.” Vuclip said it would use the new financing to meet demand, especially in Asia, the Middle East and Latin America, and further develop its media and advertising platform.
The company recently launched an iOS app as part of a broader app strategy to deliver mobile video regardless of the device or quality of network they’re on. It also offers and Android version of its app.