Elemental Technologies Obtains New Financing

  • Feed Type
  • Date
    1/25/2011
  • Company Name
    Elemental Technologies
  • Mailing Address
    620 SW Fifth Ave. Portland, OR 97204
  • Company Description
    Elemental Technologies, headquartered in Portland, Oregon, is the leading provider of massively parallel processing (MPP) solutions, initially targeting video applications. Utilizing general purpose, programmable off the shelf graphics processing units (GPUs), the RapiHD Video Platform is ideally suited for a variety of video applications ranging from consumer media processing to professional video editing to Internet video processing.
  • Website
    http://www.elementaltechnologies.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    Undisclosed
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    In 2011, we plan to continue the trajectory we’ve established through early customer wins with content providers like ABC, Big Ten Network, CBS Interactive, National Geographic and PBS by extending our business into content distributors.
  • M&A Terms
  • Venture Investor
    Citrix Systems