Elemental Technologies Garners $7,500,000 Series B Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9a55e112-e046-475f-8dbb-a501f0c39ca5&Preview=1 -
Date
7/27/2010 -
Company Name
Elemental Technologies -
Mailing Address
620 SW Fifth Ave. Portland, OR 97204 -
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
$7,500,000 -
Transaction Round
Series B -
Proceeds Purposes
Elemental intends to use the capital to expand its business in the United States and internationally as it markets its recently launched Elemental Live and Elemental Server solutions. -
M&A Terms
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Venture Investor
Steamboat Ventures -
Venture Investor
General Catalyst Partners -
Venture Investor
Voyager Capital
