San Francisco - TokBox, the developer of a video-based Internet communications service, announced on Monday that it has raised $4 million in its first round of venture capital financing, led by Sequoia Capital.

Also participating were angel investors including the founders of YouTube, Netscape and Bebo; top executives at Slide, PayPal and Cisco; as well as the head of the graduate Computer Science program at Stanford University.

San Francisco-based TokBox offers a service that lets users with webcams conduct video chats within a Web browser, without the need for registration, download, installation or configuration.

If one user is offline, the service lets users record and send an up to five-minute "videomail" which can then be retrieved from the site.

Users can also send videomails to anyone with an e-mail address, and embed video into any website.

TokBox will use the capital to support rapid user growth, expand its team and accelerate its efforts to simplify video communication.

Related Links:
http://tinyurl.com/2faoka

http://www.nytimes.com/2007/10/15/business/media/15video.html

http://www.tokbox.com