Verimatrix, a San Diego company specializing in content security technology for pay TV, closed on $20 million in venture capital funding provided by JK&B Capital of Chicago. Goldman Sachs and SunAmerca Ventures also participated. It was the largest round of funding for the company; two previous rounds yielded $23 million from Crescendo Investments Cipio Partners and Mission Ventures. Verimatrix intends to use the funds to expand into other TV distribution platforms.
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