Video Processing Technology Firm RGB Networks Raises $20 Million

Authored by Mark Hefflinger on June 22, 2006 - 6:49pm.

San Mateo, Calif. - RGB Networks, a maker of video processing tools for video service providers, said that it has raised $20 million in its third round of funding, led by new investor Focus Ventures of Palo Alto. Previous investors Accel Partners, Comcast Interactive Capital, Kleiner Perkins Caufield & Byers and Mitsui & Company Venture Partners also participated. The company said that its valuation has jumped to $110 million, an increase of 150% from its previous valuation 18 months ago. San Mateo, Calif.-based RGB's video processing tools allow cable operators and telecoms to create switched digital video networks that manage and deliver services such as video-on-demand (VOD) and targeted advertising.

http://www.rgbmedia.net/news/pr_062106-series-c-funding.php