DivX Receives $17 Million Funding

San Diego-based digital video compression company DivX has received $17 million funding from Insight Venture Partners. With the money, the company plans to “expand global sales and business operations into emerging markets in the coming year”.
The company has now raised about $38 million in total VC funding since its 2000 inception.
On the history of DivX and its current efforts to make inroads into Hollywood, read this story: “DivX moves closer to electronic movie distribution

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