Video Site Metacafe Raises More Money
Posted on July 4, 2006
Mashable reports that Metacafe, an Isreali video sharing site, has received an investment of $15 million. The investment follows a recent $5 million capital infusion. Mashable says Metacafe is different from other video sites because it uses algorithms to show only the most popular videos.
The company employs more than 50 people and the site and the desktop application combined result in 280 million video streams per month. Unlike YouTube, Google Video, MySpace Video, Yahoo Video, Uncut Video, MotionBox and other long-tail sites, Metacafe applies algorithmic filters to pick out the top videos - only a small number appear on the site each day.A quick look at the site's top list shows the same videos you see topping other video sharing sites -- videos about idiots, pets, pythons, and people getting hit by objects.