Deborah D. McAdams /
09.25.2008 12:00AM
Inlet Scores $10 Million
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.


Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found




Friday 3:00PM
Google Debuts Android TV
“We’re simply giving TV the same level of attention that phones and tablets have traditionally enjoyed.” ~ David Burke, Google


 
Featured Articles
Discover TV Technology