Brightcove Seeks $55 Million

Brightcove Inc., a Cambridge, Mass.-based IP video company, is looking to raise around $55 million in third-round funding at a pre-money valuation of around $170 million, according to GigaOm. The company already has raised around $20 million in funding from Accel Partners, General Catalyst Partners, AOL, Allen & Co., Hearst Corp. and InterActive Partners.