Brightcove, one of the web video companies we're betting against, has signed up investors to the gigantic new financing round we reported upon a few weeks ago. Jeremy Allaire's latest venture — which promises all sorts of video publishing services, to all possible customers from bloggers to major media companies — raised $59.5m, mainly from cash-rich private equity funds desperate to money to work in the internet sector. Brightcove, which is far from profitability but valued at $220m after the deal, said it was seeking financial investors because they would facilitate an initial public offering. Key question: did AOL and IAC, two of the company's earlier strategic investors, re-up? Valleywag had heard they wouldn't participate in this expensive new round; they're listed, conspicuously, as contributing more cash. So, either an embarrassing blot on Valleywag's record — or, so we'd prefer to believe, a token, to preserve appearances.

Contact information for this author is not available.