Elemental Technologies Obtains $13,000,000 Series C Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d817d036-1218-4a63-9816-2aea15846f5d&Preview=1
Date
5/8/2012
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.
Website
http://www.elementaltechnologies.com
Transaction Type
Venture Equity
Transaction Amount
$13,000,000
Transaction Round
Series C
Proceeds Purposes
The new funding comes as Elemental invests aggressively to extend its leadership in the multiscreen content delivery market.
M&A Terms
Venture Investor
Norwest Venture Partners
Venture Investor
Voyager Capital
Venture Investor
General Catalyst Partners
Venture Investor
Steamboat Ventures