Korea Telecom To Invest $10 Million In Ustream JV

Ustream has reached an agreement with Korea Telecom to launch Ustream Korea as part of the company’s joint venture for Ustream Asia with Softbank in Japan. Korea Telecom will also invest an additional $10 million into the company.

Ustream has previously raised venture capital from SoftBank Group, DCM, Western Technology Investment, Band of Angels Fund, and Infinity Venture Partners.

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Bipsync Raises $1.5M

Bipsync, a research automation platform for investment professionals, has closed a $1.5 million round of seed financing. Investors in the round include Russell Siegelman (Stanford Lecturer and Partner Emeritus, Kleiner Perkins Caufield & Byers), David Eisner (Founder of, and Steadfast Venture Capital.