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More news from Oregon, as Elemental Technologies, a Portland based leading provider of massively parallel video processing systems, announced yesterday that it has raised $7.5m of Series B financing from Walt Disney venture capital outfit, Steamboat Ventures. Existing venture capital funds General Catalyst and Voyager Capital increased their investments as part of the new financing round.
Once a week, the staff at Hunch stops work a little early. They leave their computers and convene around sofas in the back of the office in New York’s Flatiron district. They crack some beers and crank up the music. And then they pull out the board games.
Elemental Technologies, the leading provider of massively parallel video processing solutions, today announced it has raised $7.5 million in Series B financing. Steamboat Ventures, a venture capital firm affiliated with The Walt Disney Company, joined existing venture funds General Catalyst and Voyager Capital in the financing round.