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MetaCafe lands $15 million in venture funding

MetaCafe, one of the scores of companies in the burgeoning video-sharing space, has received $15 million in venture funding, the company announced Wednesday.

The money came from venture capital firms Accel Partners and Benchmark Capital. Metacafe says that users watch or stream more than 400 million video files per month.

Unlike some of the top competitors in video sharing, such as YouTube, Google Video and Grouper, MetaCafe says it doesn't want to host everybody's videos--just the best.

The company employs a filtering system that is supposed to ensure the videos posted on the site are of the highest quality.

"(Viewership to MetaCafe) is driven by the cleaner experience," said Kevin Efrusy from Accel Partners. "The filtering technology is quite unique."