IBM Watson Media (formerly Ustream and IBM Cloud Video) is an American virtual events platform company which is a division of IBM. Prior to the IBM acquisition, it had more than 180 employees across San Francisco, Los Angeles, and Budapest offices. Ustream had received $11.1 million in Series A funding for new product development from Doll Capital Management (DCM) and investors Labrador Ventures and Band of Angels.[1]
Since 2016, it has been a division of IBM. On April 1, 2018, two years after its purchase, Ustream changed its name to IBM Cloud Video to reflect its new ownership, but rapidly changed that name to IBM Watson Media to reflect the embedded artificial intelligence capabilities of IBM's Watson.
History
Ustream was launched when the founders (John Ham, Brad Hunstable and Gyula Fehér) wanted a way for their friends in the US Army, who were deployed overseas in the Iraq War, to be able to communicate with their families. A product like Ustream would provide them with a way to talk to all of their relatives at once when free time in the war zone was limited.[2]