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French Video Compression Developer Ateme Raises $4.8 Million

Authored by Mark Hefflinger on February 9, 2006 - 3:34am.
Paris - Ateme, a France-based developer of video compression technology, announced that it has raised $4.8 million in venture capital financing. France-based XAnge Private Equity and Ventech led the round. Ateme said it would use the funds to enhance its video compression technology and support international expansion. The company's next subsidiary will be opened in Silicon Valley, according to CEO Michel Artieres.
tags: Raise | French | Developer | Compression | Atem | $4.8 Million |