Newton, Mass. - ExtendMedia, a provider of online video distribution technology, has raised $12 million in its second round of venture capital financing, led by Venrock Associates and TVM, PEHub.com reported.

Previous investor Atlas Ventures also participated.

Newton, Mass.-based ExtendMedia provides tools that media companies, broadband providers and mobile carriers can use to sell video online, from asset management and DRM to syndication, billing and customer profiling services.

The company's customers include Wal-Mart, Showtime, Cablevision and Bell Canada.

Related Links:
http://www.pehub.com/article/articledetail.php?articlepostid=3898

http://www.extendmedia.com