Friday, September 12, 2008

Envivio Scores $25M

South San Francisco-based Envivio said this morning that it has closed on $25M in new funding. According to the firm, the round was led by Harbourvest, Atlantic Bridge, and Samsung Ventures. The round also included prior investors, including Credit Agricole Private Equity, Crescendo Ventures, Innovacom (France Telecom), Harbinger Venture Management, Intel Capital, NTT Finance, Saints Capital, Sigma Designs and Solidarity Fund QFL. Envivio develops IPTV video compression hardware. The firm said that it would use the funding towards increased sales and marketing. More information »