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November 17, 2011 11:00 pm GMT

Andreessen Horowitz, SV Angel Put $1.7M In The YouTube For Businesses, Vidyard

vidyardY Combinator-backed Vidyard, a 'YouTube for businesses', has raised $1.65 million from Softech VC, Jawed Karim (Co-Founder of YouTube), Y Combinator, SV Angel, Andreessen Horowitz, iNovia Capital, Paul Buchheit, Vivi Nevo, Dennis Kavelman, David Nizkad and others.Vidyard, which launched in August, solves a pain point for businesses who want to use YouTube videos as a marketing tool. Many businesses embed YouTube videos on their sites, but visitors can click through the video to YouTube and off the brand's site and those videos also include YouTube's ads and branding. Ooyala and Brightcove both offer professional, enterprise-hosted video platforms but these can be expensive.

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