Elemental Technologies Garners $7,500,000 Series B Financing

  • Feed Type
  • 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
  • Venture Investor
    Steamboat Ventures
  • Venture Investor
    General Catalyst Partners
  • Venture Investor
    Voyager Capital

By posting a comment, you agree to our terms and conditions.