Thursday, March 27, 2008

Stretch Takes $15M More

Sunnyvale-based Stretch, which is developing configurable processors for high performance video, said today that it has raised an additional $15M in Series B funding. The round was co-led by Worldview Technology Partners, Oak Investment Partners and Menlo Ventures. Stretch develops a family of software configurable processors which provide H.264 video compression capability; the firm said it now has more than sixty employees. The round comes on top of a $12M, Series B funding the company announced last June. More information »