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YuMe Adds Another $10 Million From WestSummit Capital
Online video advertising startup YuMe has picked up another $10 million in financing from China-based investment firm WestSummit Capital, closing out a $22 million strategic round that was first announced last November. The round was led by Samsung Ventures and also included Translink Capital. YuMe founder Jayant Kadambi confirmed the raise, and told me by email that the funding will be used primarily to expand into more connected devices. YuMe provides a platform for delivering ads against online videos, but has recently been adding support for connected TVs. “[W]e are...
Published By: Tech Crunch - Wednesday, 23 May, 2012
