Elemental Technologies, a Portland, Oregon-based provider of software-defined video solutions for multiscreen content delivery, closed $14.5m in Series D financing.
The round was led by Telstra with participation from existing investor General Catalyst Partners, Norwest Venture Partners and Voyager Capital.
The company intends to use the funds to accelerate worldwide growth and expand its suite of software-defined video (SDV) solutions.
Founded in 2006 by Sam Blackman, CEO and Co-founder, Elemental provides major telcos, OTT, broadcast, satellite and mobile operators in the US, Europe, Asia, and Middle East with a video delivery platform that combines just-in-time (JIT) packaging, origin services, intelligent caching, dynamic ad insertion and replacement, and end-to-end encrypted content protection functions.
The company has offices in the United States, the United Kingdom, France, Hong Kong, Singapore, Japan, China, Russia, India and Brazil.
FinSMEs
22/12/2014