Video Encoding Firm Inlet Gets $5 Million

Inlet Technologies, a Raleigh, N.C.-based provider of digital video encoding solutions, has closed a $5 million round of venture financing. The second round investors include Technology Venture Partners, Telecommunications Development Fund and NC-based Capitol Broadcasting Company.

Inlet’s customers include Akimbo, CinemaNow, Microsoft (NSDQ: MSFT) Studios and others. Its tech platform combines advanced compression formats with an encoding engine and analysis tools to enable encoding of HD content for the post-production and broadcast markets.

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