Envivio Adds $1M for Video Encoding

Video encoding provider Envivio has raised $1 million worth of debt in a convertible note filed today with the SEC. The South San Francisco, Calif.-based company, which was one of the first allowed onto Apple’s new HTTP streaming platform, had last raised funding in 2008, when it took $25 million from a large group of investors including Harbourvest, Atlantic Bridge and Samsung Ventures. Envivio fits nicely in the middle of the industry shift towards adaptive bitrate streaming (sub. req.). As the company seems to be doing well, this is a bit of an oddball raise, but spokespeople have not yet responded to our request for comment.

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