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Video - Monday, May 12, 2008

B2B Video's Veodia Raises $8.3M in First Round

We continue to think that the B2B video market is the place to be right now given the death march that has taken place in B2C. YouTube just isn't right for B2B and there is no clear leader there.

Looking to take some leadership here is San Mateo's Veodia which has raised $8.3M in Series A from Clearstone Venture Partners, DE Shaw and angels.

Veodia lets users easily create and broadcast video recordings. They remove the hassles of capturing, encoding, uploading, and streaming across the spectrum of video players. The product is free Free up to 500 MB and 5 concurrent users. After that they charge, although they are currently not charging. Top competitors at this point would be Blip.tv to UStream.tv.

At this stage of the game, reference clients count for a lot. Veodia has been able to tap MIT Tech Review which says that is has saved $500K per year thanks to Veodia.

It's interesting to note the Veodia has a French founder and management team. Another top prospect in online video. Fellow Frenchman Loic Le Meur is doing it with Seesmic.

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