US-based mobile devices manufacturer Motorola Mobility invested an undisclosed amount in US-based online video platform Ooyala on Tuesday through its corporate venturing unit, Motorola Mobility Ventures.
Motorola Mobility was originally de-merged from telecommunications multinational Motorola in January, but last month Google agreed to acquire the company for $12.5bn, subject to regulatory approval.
Ooyala picked up $22m of series D funding from the Japan-based conglomerate Itochu, private equity firm CID, and venture capital firms Rembrandt Venture Partners and Sierra Ventures. Sierra…
