RGB Networks, the network video processing company, has received $20 million in third round of its funding…the round was led by new investor Focus Ventures. Previous RGB investors Accel Partners, Comcast Interactive Capital, Kleiner Perkins Caufield & Byers, and Mitsui & Company Venture Partners all pro-rated in this latest round, maintaining their level of investment.
The company said that this round resulted in a company valuation of $110 million – a 150% increase from the previous valuation 18 months ago.
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