Here’s where some smart money seems to be going.

Tout, a San Francisco video streaming company, said it was oversubscribed in a $26 million, series C round of funding that includes new investors Pittco Capital, HL Capital and Terry Semel’s Windsor Media.

It was led by Melohn Group.

“We are currently witnessing one of the most profound shifts the media industry has ever experienced — as the internet essentially becomes TV,” said Tout founder and CEO Michael Downing.

Media partners include CBS, CNN, Fox Sports, Condé Nast, Bloomberg, Hearst and others, he said.