NEWS
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NEWS
Elemental Technologies raises $14.5 million Series D in round led by Telstra
Online video solutions and distribution company Elemental Technologies Inc., has raised $14.5 million in series D financing in a round led by Telstra Corporation Ltd.
Other investors in the round included Sky PLC, General Catalyst Partners, Norwest Venture Partners and Voyager Capital.
Elemental Technologies’ main Delta solution offers just-in-time packaging, origin services, intelligent caching, dynamic ad insertion and replacement, and end-to-end encrypted content protection functions. Their video delivery platform offers media companies and content distributors a reduction in CDN cost and complexity.
Lead investor Telstra, who is also Australia’s largest telecommunications company said it planned to leverage the entire Elemental product line, with a specific focus on Elemental Delta for its next-generation content delivery services.
“Elemental’s unique offer provides the flexibility and scalability to ensure a great customer experience despite high network traffic demands,” Telstra Global Enterprise and Services Managing Director, Ventures, Mark Sherman said.
The Portland-based Elemental Technologies has taken $42.1 million over five rounds including today’s, after being founded in 2006. Previous investors include today’s investors General Catalyst Partners, Voyager Capital and Norwest Venture Partners, along with Steamboat Ventures, In-Q-Tel, Alliance of Angles, Oregon Angle Fund and Bend Venture Conference.
Clients include Sky, ABC, HBO, Comcast, BBC, ESPN, National Geographic and others.
Elemental said that it will use the funds to accelerate worldwide growth and expand its suite of software-defined video (SDV) solutions to support the whole of the IP video delivery chain.
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