Ustream.TV, a site for broadcasting live video, has raised unspecified funding from Western Technology Ventures, the Band of Angels and other unidentified investors. The company had already raised unspecified angel money. The Los Altos, CA-based site offers a platform allowing anyone to set up a live broadcast channel, putting it in competition with companies like Justin.TV and Kyte.TV. It’s trying to carve out a niche for itself in broadcasting political events, including participatory Q&As with candidates. To that end, it also announced that former general and Presidential candidate Wesley Clark is joining its advisory board. Release.

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