Elemental Technologies, a startup focused on faster transcoding, has raised $7.1 million from General Catalyst Partners and Voyager Capital. The company’s software uses the graphics processor rather than the CPU inside a computer to handle the work of ripping a DVD or video file to another format. It’s one of several startups using Nvidia’s GPUs for tasks once allocated to the CPU, and bolstering the idea that GPUs might be better suited than the CPU to some tasks, such as scientific computing or video transcoding. To read more check out our coverage on NewTeeVee.