Inlet Technologies raises $10M more for video encoding
Inlet Technologies, which offers multi-format video encoding technology, has raised $10 million in a third round of funding. The funding comes from Core Capital Partners, Technology Venture Partners, Telecommunications Development Fund and the Capitol Broadcasting Company.
The Raleigh, N.C.-based startup has raised $20.5 million total. Its technology has powered applications for Major League Baseball Advanced Media, Microsoft and others, and its customer base has grown 400 percnet in the last year.
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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.