Thursday, February 11, 2010

Report: Veoh Files For Bankruptcy

San Diego- and Los Angeles-based video sharing site veoh Networks has filed for Chapter 7 bankruptcy, according to web site Mashable. Dmitry Shapiro, CEO of Veoh, did not respond to emails requesting comment, the PR firm listed on the firm's site said it no longer represents the company, and socalTECH was unable to reach anyone via phone at the company. Veoh had raised over $67.5M in funding from such firms as Goldman Sachs, Intel Capital, Shelter Capital Partners, Spark Capital, The Tornante Company, and Time Warner.

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