TechCrunch is reporting that Telstra's venture capital arm is leading a new US$35 million funding round for video player and online advertising company Ooyala.
Launched in 2007 by two Google alum, Ooyala has built itself a handsome book of partners, including Victoria's Secret, Rolling Stone, Dell and ESPN.
According to the TechCrunch report, Telstra is getting in on the funding in order to leverage its technology with Ooyalah's.
It's no secret that Telstra wants to get into content now that it's got $11 billion worth of NBN money to play with. We're looking to talk with Telstra today to see what this means for customers locally. Maybe nothing? [TechCrunch]