
Streaming video site
Ustream has just pulled in a massive new round of funding: $75 million. This second round was led by
SoftBank, a Japanese telecom giant. Previously, the site had
raised just below $13 million in funding, which came from its Series A in 2008 and its angel round in late 2007.
Perhaps even crazier is that the service is saying that additional funding commitments are pending from other investors in the U.S. and Asia, so the round may actually be larger than the $75 million, which is all from SoftBank. We're hearing reports that there was quite a bit of competition to be involved in the round, and apparently all the dust hasn't settled yet.