Ustream.TV , the leading internet broadcasting platform, today announced it has secured $11.1 million in Series A funding

What Company Is Offering:
Ustream is the leading internet broadcasting platform. Ustream’s proprietary technology powers an easy-to-use, web-based interface, allowing anyone with a camera, computer and Internet connection to broadcast live to the world. Integrated with a host of interactive tools including chat rooms, co-host, and shout meter, Ustream’s platform delivers real-time, social experiences on the web.

How Much They Got From VCs:
Ustream.TV , the leading internet broadcasting platform, today announced it has secured $11.1 million in Series A funding from leading venture capital firm DCM and existing investors, Labrador Ventures and The Band of Angels. The funding will enable Ustream to accelerate product development and meet growing market demand for an interactive, broadcasting platform.

“A few years ago, it was unimaginable to have interactive broadcasting on the scale that Ustream delivers today. This marks a major shift of online entertainment and it reflects a new desire to interact and be a part of the show, rather than to just consume it,” said Gen Isayama of DCM. “Investing in Ustream was a decision based on the company’s technology, pioneering vision, and track record for consistently delivering enhancements that are attracting broadcasters and engaging millions of viewers.”

About VCs:
DCM is an early stage venture capital firm supporting entrepreneurs building world-class technology companies. The firm’s partners manage US$1.6 billion and have funded leading technology companies including 2Wire, 51job (Nasdaq:JOBS - News), @Motion (Openwave), About.com (The New York Times Co.), All About (Jasdaq:2454), Arroyo (Cisco), Bittorrent, Clearwire (Nasdaq:CLWR - News), Dang Dang, eDreams (TA), Foundry Networks (Nasdaq:FDRY - News), HireRight (Nasdaq:HIRE - News), Internap (Nasdaq:INAP - News), IPivot (Intel) etc.www.dcm.com.

More at:www.ustream.tv