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RipCode Raises $7 Million in VC Financing.
WIRELESS NEWS-(C)1999-2006 10Meters - http://www.10meters.com
RipCode announced that it has raised $7 million in first-round venture capital financing to develop new high-performance technologies for processing Internet video content. Hunt Ventures, Vesbridge Partners and El Dorado Ventures co-led the financing round, with participation by ATA Ventures.
Based in Dallas and Austin, RipCode is a video equipment manufacturer that develops products to accelerate the re-purposing of video content including Mobile TV, social networking video, and studio-based productions. The company is focused on eliminating the physical barriers now restricting content from being viewed on multiple viewing mediums.
"The explosive growth of Internet video is overwhelming the current technologies that ...
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