Ooyala Inc. will hire up to 65 new employees by the end of the year after raising $24.15 million in new financing.
The Mountain View, Calif.-based company reported the new funds in a July 13 filing with the Securities and Exchange Commission.
Founded in 2007, the 165-person startup helps major brands deliver, analyze and monetize videos. Yesterday, for example, it announced a new deal to service ESPN's online videos.
About half of the new hires will be in engineering, a quarter in sales and a quarter in services and support roles, said CEO Jay Fulcher.
Most in demand are software engineers, mobile developers with experience in Android and iOS, as well as computer scientists who have worked with large-scale distributed systems and machine learning technology.
Founded by ex-Googlers, Ooyala likes engineers to take direct ownership over products and features. "Whether they're a product manager or an engineer, they work on small, autonomous teams," said Sean Knapp, co-founder and chief technology officer. "It gives them an immense amount of experience in a very short time frame."
Employees are also exposed to all of the company's business planning processes, said Fulcher. He declined to detail revenues, but said the company has doubled its sales over each of the past three years. Cash and equity compensation is competitive, he added.
But if you're hired at Ooyala, you won't be wondering if the person sitting next to you makes more money. The company makes its five tiers of salary ranges--and who falls into which bracket-- available to all engineers.
Write to Joseph Walker at Joseph.Walker@dowjones.com
