Video News Specialist Wochit Raises $4.75 Million From Redpoint, Cedar Fund, And Greycroft

Video is becoming an increasingly important part of news coverage online. But it's also expensive and time-consuming to produce, and many publishers don't have the resources to create them on their own. A startup called Wochit is changing the economics around video production for breaking news, and has raised $4.75 million to make their technology available to more publishers.