Kontiki Captures $10.7M

Sunnvale, CA-based Kontiki, a 10-year-old startup that provides video hosting and communications services to large enterprises, said yesterday that it has raised $10.7 million in a Series B funding round led by MK Capital and joined by New World Ventures and Cross Creek Capital. The company said it would use the funds to expand product development, sales, and marketing programs.

Wade Roush is the producer and host of the podcast Soonish and a contributing editor at Xconomy. Follow @soonishpodcast

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