Sunnyvale,
Calif. - RGB Networks, a
developer of digital video processing tools that help service providers deliver
targeted video content, said on Monday that it has raised $20 million in a new
round of funding, led by new investor Institutional Venture Partners.
Previous
investors Accel Partners, Comcast Interactive Capital, Kleiner Perkins Caufield
& Byers and Focus Ventures also participated.
Jef Graham, the CEO of RGB
Networks, said that it has company will use the proce4eds for the
"aggressive expansion of our staffing, product lines and market
presence."
The company said that its valuation has nearly doubled to $200
million since mid-2006.
Related Links:
http://www.rgbnetworks.com/news/pr_041308_ivp.php
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