SF-based Granicus, a company that helps governmental organizations stream meetings online, has raised a $10 million first round from JMI Equity. The company’s products allow governments to stream the same meetings that are frequently seen on community cable channels, while incorporating extra data, such as minutes and vote tallies. Granicus was founded in 1999 and claims 400 government customers, including 165 added in 2007. It also says it has been profitable since 2004, with the money going towards sales expansion and product enhancements. Release.
In some cities, there has been controversy about the cost of the company’s systems. See this recent editorial from the Raleigh Chronicle complaining about the amount the city is paying the company.