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KIT digital Closes $15 Million Equity Offering

kit_digital_logo2.jpgKIT digital has closed the previously announced sale of 1,541,624 shares of common stock at $9.73 per share for gross proceeds to the company of $15.0 million.

KIT Media, the investment vehicle controlled by KIT digital chairman and CEO, Kaleil Isaza Tuzman, invested $1.75 milllion of the total $15 million raised.

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KIT digital Closes $15 Million Equity Offering


Ustream Secures $75 Million Series B Funding From SOFTBANK

Ustream announced
a $75 million Series B funding round lead by SOFTBANK of Japan, one of Asia’s largest
internet and telecom companies with a large mobile presence. Additional funding commitments
are pending from other investors in the U.S. and Asia. The funding will help fuel
Ustream’s growth in the U.S. and Asia Pacific, specifically to pursue opportunities
in Asia in Japan, China, Korea and India.

“Asia offers a significant, untapped market opportunity for streaming video,” said
John Ham, Ustream founder and CEO. “SOFTBANK will enable us to develop this opportunity
and deliver on our vision of live streaming video everywhere. We look forward to deploying
these resources to accelerate our growth in the United States and Asia Pacific.”

The live streaming market is rapidly growing. More than 3.4 million viewers watched
the live red carpet pre-show of the American Music Awards in 2009 and more than 3.8
million watched the inauguration of President Barack Obama via Ustream in January

Ustream delivers some of the most popular live streaming video programming, delivering
premium and celebrity-powered events in partnership with leading media companies.
The company had the first live streaming application for the iPhone available in Apple’s
App Store. Its iPhone applications have been downloaded more than 1.5 million times.

Ustream’s one-to-many live streaming encourages broadcast-to-viewer and viewer-to-viewer
interaction, empowering a much more engaging experience for everyone involved. Users
can interact during events using Ustream’s Social Stream, which enables real-time
dialogue through Twitter, Facebook, Myspace and AIM integrations.

“Since DCM’s lead investment in the Series A, we’ve worked closely with Ustream’s
founders to execute upon its vision to build the company into a truly global media
company,” said Gen Isayama, DCM general partner and member of the Ustream board of
directors. “SOFTBANK’s involvement and financial support will be instrumental in enabling
the company to connect live venues and viewers anywhere in the world through any internet-connected

Asia presents a very unique environment to foster a live streaming platform service
like Ustream, specifically because of advancements in infrastructure, better mobile
3G penetration versus the U.S., and a rapidly growing base of internet users.

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Ustream Secures $75 Million Series B Funding From SOFTBANK


Verimatrix Series C Investment Led by Goldman Sachs

Verimatrix announced
its Series C round of new funding led by Goldman Sachs. The new capital will fund
aggressive business expansion and accelerate deployment of Verimatrix’s 3-Dimensional
Content Security solutions into the rapidly-evolving hybrid, cable and satellite markets
around the world. New generations of products to address these markets will be developed
from its global number one Verimatrix Video Content Authority System technology core.

All of the company’s Series B investors, Crescendo Investments, Cipio Partners and
Mission Ventures, participated in the round demonstrating continued commitment to
Verimatrix’s growth. With the closing of the Series C funding, Rohit Malhotra of Goldman
Sachs’ Principal Investment Area will join the Verimatrix Board of Directors.

Over the past year, Verimatrix has hit several major milestones with the addition
of four new and enhanced products, doubling its customer base to more than 150 IPTV
customers in 32 countries and by surpassing the 5 million screens secured mark. Central
to its 3-Dimensional Content Security vision, Verimatrix’s technology roadmap extends
beyond encryption technologies to the opportunities and applications that new pay-TV
networks must offer. Its suite of VCAS solutions offers a layered content security
system that enables transparent delivery of content to multiple screens across different

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Verimatrix Series C Investment Led by Goldman Sachs


Seesmic Secures $6 Million in Series B Financing

Seesmic has
received $6 million in series B financing co-led by Omidyar Network, the philanthropic
investment firm of eBay founder Pierre Omidyar, and leading pan-European venture capital
firm Wellington Partners. The new round brings the total funding amount raised by
Seesmic to $12 million.

Seesmic enables users to share experiences on blogs, social networks and with each
other by uploading videos straight from their webcam or mobile device. The company
will use the investment to further develop its video platform and to start its global
rollout. Seesmic initiatives will focus on its platform strategy with a robust API
already powering video conversations on 1500 sites and blogs as well as new partnerships
with leading consumer brands and media and entertainment companies.

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Seesmic Secures $6 Million in Series B Financing


IPTV Pioneer Inuk Networks Secures $18.5 Million US

has completed a £9.5 million ($18.5m) second round of funding led by
broadcaster S4C and
venture capital firm Wesley Clover. The Inuk executive team will use this investment
to further develop its Freewire triple-play platform in the UK, as well as expanding
into Ireland and North America.

The investment by S4C has been made through its commercial subsidiary S4C Digital
Media using commercial revenues only.

Iona Jones, S4C’s Chief Executive and Chair of S4CDM, and David Sanders, a director
of S4CDM, will both join the Inuk board of directors which is chaired by Simon Gibson

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IPTV Pioneer Inuk Networks Secures $18.5 Million US