Elemental Technologies has raised $7.1 million in a new round of financing that could grow to $9 million when it’s finished.
The Portland-based startup, a developer of video processing software, disclosed the capital raise in a U.S. Securities and Exchange Commission document filed Monday.
According to the filing, Elemental has raised $7,148,993 as part of a total $9 million offering.
The company declined to comment.
The new investment comes almost two years after Elemental closed its first $7.1 million round of venture capital financing led by General Catalyst Partners of Boston and Voyager Capital of Seattle.
Elemental in April released its latest product offering, Elemental Live, a video processing system that helps broadcasters and other content providers encode audio and video so it can be streamed live online.
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