California: California-based video advertising network YuMe raised $11.9 million in funding from existing investors Accel Partners, Menlo Ventures, and Khosla Ventures, reports VentureBeat. In the past, YuMe has raised funds from Accel Partners, BV Capital, DAG Ventures, Khosla Ventures, Menlo Ventures, and Intel Capital.

YuMe was co-founded in 2004 by Jayant Kadambi and Ayyappan Sankaran. Kadambi, Co-Founder and CEO, YuMe has over 10 years of experience in networking, hardware architecture, and semiconductors. He was the Vice Pesident aR&D and Officer of Netopia. He co-founded StarNet, a VoDSL company and has held various technical and marketing positions AMD's network division and AT&T Bell Labs. Kadambi received his BSEE and Masters in Electrical Engineering from Renesselaer Polytechnic. He is also the co-author of a book on Gigabit Ethernet and holds several patents in the field of networking.

Sankaran was the Director of software development at Netopic and was the co-founder of StarNet. He has held various technical positions in Octel Communications, Abbott Labs, and Ready Systems. Sankaran received his BSEE from the University of Engineering, Madras, and has a Masters in Electrical Engineering from the University of Texas.

Accel Partners, a venture capital firm supports entrepreneurs who possess the insight to define new categories and build world-class companies. It shares the entrepreneurs' passion for uniqueness and the courage to be first.

BV Capital is an internet-focused early-stage venture capital firm, which has been involved with building sector-defining businesses in Internet Consumer and Digital Media. They leverage an extensive network of media and technology connections to help their portfolio companies gain visibility, build critical strategic relationships, hire talent, and bring their products to the market.

DAG Ventures is a VC partnership, which invests in and helps entrepreneurs create leading, long-term companies across a range of markets. It invests in companies with proven technologies, from the prototype stage onwards.

Khosla Ventures assists entrepreneurs who are determined to build companies with lasting significance. They are in the company-building business and have a history of leveraging relationships to build teams, attract partners, and customers. They invest in various sectors: mobile, Internet, alternative energy, energy efficiency, storage, materials, and other unconventional areas.

Menlo Ventures invests in entrepreneurs who think big who can disrupt existing industries or create entirely new markets. They fund companies in diverse markets.

Intel Capital's mission is to make and manage financially attractive investments, in alignment with Intel's strategic objectives.