RGB Networks raises $20 milllion for video processing chips
RGB Networks raised $20 million in a fourth round of funding for continued expansion of its video processing chip business.
Institutional Venture Partners led the round. Also participating were existing investors Accel Partners, Comcast Interactive Capital, Kleiner Perkins Caufield & Byers and Focus Ventures, according to VentureWire.
The Sunnyvale, Calif., company has raised $57 million to date. The company has 125 employees. It was founded in 2003 and launched its first products in 2005. The company competes with Motorola, Cisco, and others. The company’s chips let cable operators and others create switched video networks that can handle on-demand video delivery and conversion of video from one format to another.
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About the Author, Dean Takahashi
Dean is lead writer for GamesBeat at VentureBeat. He covers video games, security, chips and a variety of other subjects. Dean previously worked at the San Jose Mercury News, the Wall Street Journal, the Red Herring, the Los Angeles Times, the Orange County Register and the Dallas Times Herald. He is the author of two books, Opening the Xbox and the Xbox 360 Uncloaked. Follow him on Twitter at @deantak, and follow VentureBeat on Twitter at @venturebeat.