Elemental Technologies Inc. Obtains $7,100,000 Series A Financing Round

  • Feed Type
  • Date
    7/18/2008
  • Company Name
    Elemental Technologies Inc.
  • Mailing Address
    421 SW Hall St. Portland, OR 97201
  • Company Description
    Elemental Technologies, headquartered in Portland, Oregon, is the leading provider of massively parallel processing (MPP) solutions, initially targeting video applications. Utilizing general purpose, programmable “off the shelf” graphics processing units (GPUs), the RapiHD™ Video Platform is ideally suited for a variety of video applications ranging from consumer media processing to professional video editing to Internet video processing.
  • Website
    http://www.elementaltechnologies.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $7,100,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    “We now have the capital to aggressively ramp our RapiHD and Badaboom product lines, as well as attack new Internet and IPTV video processing markets,” said Sam Blackman, CEO of ETI.
  • M&A Terms
  • Venture Investor
    General Catalyst Partners
  • Venture Investor
    Voyager Capital

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