Veodia Raises $8.3 Million

Veodia has raised $8.3 million Series A in a round that included Clearstone Venture Partners, the D. E. Shaw group, and an angel group led by iParadigms chairman Steven Berger.

San Mateo based Veodia offers video software as a service (SaaS) that allows organizations to broadcast and manage live and on-demand high quality video online. Their business focused offering allows businesses to instantly leverage video with employees, customers and partners without costly and time-consuming infrastructure deployments. Veodia’s clients include APC, frog design, MIT Technology Review and WebEx Connect.

Veodia said they would use the round to support product development and add more talent to their team.