Earlier this month, Ooyala closed their Series B round of VC funding with Sierra Ventures and their initial group of angel investors. Ooyala is a video company delivering a high-quality interactive video experience with monetization and analytics tools for video publishers and advertisers. Ooyala is also the winner of the Amazon Web Services Start-Up Challenge.

Ooyala has built a platform to deliver video content for publishers and targeted advertising via an interactive video experience. Ooyala is built on Amazon Web Services including Amazon EC2, used for video and analytics processing, and Amazon S3 for content storage and delivery. Ooyala leverages Amazon FPS to process both content and ad serving payments. Amazon Mechanical Turk and Amazon SQS are also utilized by Ooyala.