Twitch, which was started by the people at Justin.TV, has raised more money to continue building an online video platform where viewers can watch live footage of videogames being played. The experience can be analogous to watching a professional basketball or football game on TV, especially as videogames increasingly become a rival to other major forms of entertainment. The $15 million round was led by Bessemer Venture Partners; Alsop Louie Partners and Draper Associates also participated. The capital will go towards hiring more engineers to continue building out its platform and improving quality. Read the full story at All Things D.
Twitch Raises $15 Million to Be the YouTube of the Videogame World
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).