Veoh Networks gets $30 million funding from Intel and others

Veoh Networks gets $30 million funding from Intel and others

Online video service Veoh Networks has revealed that they have now secured a $30 million funding from investors including Intel, Adobe Systems and Gordon Crawford.

The company added that they would be using these funds to invest into development of new services and features.

Veoh is one of the high profile challengers in the market currently dominated by Google operated YouTube service.

They have been focusing on professionally produced shows instead of user contributed videos which are dominated on YouTube.

Some of the early investors in the company included Time Warner and Michael Eisner.

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