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Brightcove Featured in Wall Street Journal

The Wall Street Journal has published an article featuring Brightcove and recent developments at the company.

Brightcove confirms that the company has closed a $12 million Series D round of financing led by Accel Partners and General Catalyst. Other existing investors, including AOL, Hearst, AllianceBernstein, Maverick, and Brookside Capital, also participated in the Series D.

Proceeds from the financing will be used to expand the company's cash balance sheet and increase investments in key growth initiatives, including expansion in Asia and Europe, the rollout of new product lines like Brightcove Express on a worldwide basis, R&D innovation, and possible M&A activity.

Link to the Wall Street Journal article.