Veoh has received an additional round of funding led by Intel Capital, the global investment arm of Intel Corporation, and joined by Adobe Systems Incorporated and Gordon Crawford, senior vice president of Capital Research Global Investors. The funding from these new investors with support from existing investors Shelter Capital, Spark Capital, Goldman Sachs, Michael Eisner’s Tornante Company, Time Warner Investments and Jonathan Dolgen totals $30 million. Veoh will use the capital to further enhance its viewer offerings, strengthen its lead in video discovery, expand its advertising products and targeting capabilities, and extend its services across multiple platforms.

Over the last twelve months, Veoh successfully established itself as one of the top global Internet television services. The company introduced multiple new community and social features for viewers, launched a proprietary behavioral ad targeting engine based on video consumption, and secured distribution relationships with major content owners including CBS, Viacom’s MTV Networks and FEARNet. Veoh ended the first quarter of 2008 with a full roster of brand-name advertisers and more than 28 million highly engaged viewers who spend an average of more than 100 minutes per month on Veoh.