Online Video Management Company Qumu Raises $10.7M Third Round
TOOLBOX   Resize
 Save/Share +
COMMENT
 Discussion Policy
 CLOSE
Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post.
|
Monday, July 21, 2008; 4:07 PM
Content management company Qumu has secured a $10.7 million third round funding as it seeks to speed development of CDN products and build up its marketing team. The round was led by ATV and joined by SAP Ventures, a division of SAP AG, Storm Ventures, Garage Technology Ventures, Halo Opportunity Fund, and the Angels Forum. A little over two years ago, the Emeryville, CA.-based company raised a $5.3 million second round from The Angels' Forum, The Halo Fund and Garage Technology Ventures, all of whom contributed to Qumu's $1.3 million first round of funding in 2003.
As we mentioned in June, Qumu is one of a handful of companies that is working with AT&T ( NYSE: T) on its new CDN business. Back in February, the company changed its name from the generic sounding "Media Publisher Inc." to Qumu, which the company says has something to do with a bear's firepower in an unspecified Native American language. Release
Related
![[paidContent.org]](http://media.washingtonpost.com/wp-srv/business/graphics/sm_pdcontent.gif)
![[mocoNews.net]](http://media.washingtonpost.com/wp-srv/business/graphics/sm_moco.gif)