Elemental Adds $7M Equity

6/15/10

Elemental Technologies, the Portland, OR-based video processing startup, has raised $7.1 million in equity financing out of a round that could be worth $9 million over time, according to a regulatory filing. Greg profiled the company back in April, when it unveiled a real-time video encoding system to enable broadcasters, media companies, and cable networks to stream live video to any type of device across any network.

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