Inlet Scores $10 Million

September 25, 2008
Inlet Technologies, a Raleigh, N.C. maker of video encoding technology, said it nailed down $10 million in Series C venture financing. Investors include Core Capital Partners, Technology Venture Partners, Telecommunications Development Fund and Capitol Broadcasting Co., which owns WRAL-TV in Raleigh. The round brings Inlet’s total venture funding to $20.5 million. The company said the round comes after six consecutive quarters of financial growth, a 30 percent increase in the number of employees, and four-fold growth of the customer base over the last year. The latest round of funding will be used to expand sales and engineering teams in Europe and Asia.

Want to read more stories like this?
Get our Free Newsletter Here!

Comments

Twitter