Elemental Technologies Inc. Obtains $7,100,000 Series A Financing Round
Feed Type
Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3f80f5f5-9932-47bf-b655-35893293db7b&Preview=1
Date 7/18/2008
Company Name Elemental Technologies Inc.
Mailing Address 421 SW Hall St. Portland, OR 97201
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.
Proceeds Purposes “We now have the capital to aggressively ramp our RapiHD and Badaboom product lines, as well as attack new Internet and IPTV video processing markets,” said Sam Blackman, CEO of ETI.