Network Video Processing Firm RGB Gets $20 Million Funding
By Rafat Ali - Thu 22 Jun 2006 03:07 PM PST
RGB Networks, the network video processing company, has received $20 million in third round of its funding...the round was led by new investor Focus Ventures. Previous RGB investors Accel Partners, Comcast Interactive Capital, Kleiner Perkins Caufield & Byers, and Mitsui & Company Venture Partners all pro-rated in this latest round, maintaining their level of investment.
The company said that this round resulted in a company valuation of $110 million - a 150% increase from the previous valuation 18 months ago.
