Qumu raises $10,700,000

Qumu, Inc., the leader in Enterprise Video Communications, today announced the completion of a $10.7 million Series C funding round.  The company further extends its market leadership with a strategic agreement with AT&T, announced as part of AT&T’s Digital Media Solutions initiative to deliver and manage multimedia content for businesses worldwide. Qumu will collaborate with AT&T to deliver business-to-business and business-to-consumer streaming video as well as live and on-demand webcasting over emerging media networks. AT&T will integrate the software expertise of Qumu and two other strategic providers with its own capabilities to offer companies comprehensive yet simplified network-based solutions to encode, deliver, manage, and support video and multimedia files.