Elemental Technologies raises $7.1M for video software
Elemental Technologies, a Portland, Ore. provider of parallel video processing software, has raised $7.1 million in new funding led by General Catalyst Partners and Voyager Capital.
Elemental says its software can perform video encoding, transcoding and filtering at unprecedented speeds without sacrificing quality by using general purpose graphics processing units (GPUs). Its first product is a video conversion application called the Badaboom Media Converter.
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About the Author, Anthony Ha
Anthony is VentureBeat's assistant editor, as well as its reporter on enterprise technology, cloud computing, and tech policy. Before joining VentureBeat in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. You can also follow Anthony on Twitter.