[Reuters] Viddy gets $30 million funding, aims to stand out from competition

Posted by: UGN Security

[Reuters] Viddy gets $30 million funding, aims to stand out from competition - 05/11/12 09:13 AM

SAN FRANCISCO (Reuters) - Viddy, the popular mobile video start-up, announced on Friday it has raised a hefty $30 million from institutional investors to bolster its expansion efforts in the face of stiff competition from Socialcam, a similar video-sharing service.