Filed under: Business, Internet, Video

Joost raises $45 million

JoostOkay, we're getting about as tired of writing Joost news as you are of reading it. But this is kind of big. The internet television platform started by Skype founders Janus Friis and Niklas Zennström has raised $45 million in capital.

Sequoia Capital, Index Ventures, Li K-shing, and CBS have all put some money in, although that's not a comprehensive list. So far, Joost had been funded primarily out of the pockets of Friis and Zennström.

Given the game-changing nature of the duo's last project with Skype, it shouldn't be a huge surprise that Joost is gaining momentum as it nears an official release. The company continues to sign major content partners, overcoming one of the earliest criticisms: that there was nothing worth watching.

And while Joost has experienced some server overload since widening its beta test group in recent weeks, the overall user experience is pretty innovative and nothing at all like YouTube, which is what most people think of when you mention internet video these days.