Veoh Raises $12M

From PaidContent, Veoh raised $12M.

From the post:

"Investors included Michael Eisner, former CEO of Disney (through his new venture firm Tornante Company); Time Warner Investments; Spark Capital; along with existing investor Shelter Capital Partners. Eisner, along with Todd Dagres, managing partner of Spark Capital, will join the board.

Veoh is YouTube-like in functionality, uses Flash, uses P2P for delivery, but also allows download into the computer, iPod and PSP. The company is headed/founded by Dmitry Shapiro, a technologist who created the P2P security software at Akonix, which manages applications such as BitTorrent and Grokster."

From a recent interview with Dmitry:

"Veoh is an Internet Television Network that is able to reach anyone with a broadband Internet connection and a PC or a Mac. All you need to do to watch is download and install the Veoh software (~ 5MB, installs in under one minute).

Veoh allows anyone to create and broadcast their own TV show or a Channel full of shows. Not small streaming videos, but FULL-Screen, TV-Quality video. Unlike the Flickr's of Video (like YouTube, Vimeo, etc.), Veoh does not transcode the content, but rather offers it in it's native encoding, and does not limit the file sizes/length of video. Veoh's goal is to become the platform for producers of all sizes (from individuals to studios and everyone in between) to have a democratized TV broadcasting system."

From Om:

"Here is a short list of some of the recent online video fundings:

• Veoh raised $12.5 million to bring the total to $14.75 million
• You Tube raised $8 million to bring the total to $11.5 million.
• Revver raised $8.7 million in a recent round."