Australia, Audinate Raises Additional $4M in Funding
Summary
Audinate Pty Ltd, a Ultimo, Australia-based developer of digital media networking solutions, has secured $4m in additional funding. The round was led by existing investors, Starfish Ventures and Innovation Capital. Audinate is developing TCP/IP-based networking technology, which has been widely adopted by leaders of the A/V industry including Bosch, Yamaha, Peavey, Dolby, and Lab.gruppen. According to Lee Ellison, CEO of the company, the investment will allow Audinate to continue to expand its global sales and support organizations, and accelerate development efforts to support its rapidly expanding customer base.
Funding
Amount
$4.0M
Total raised
Date
January 21, 2010
Announcement date
Investors
Starfish Ventures, Innovation Capital
Lead investors
Company
http://www.audinate.com
Funded company
Classifications
industries
No industries detected
applications
ERP & Process Management
AskAI Classifications
Labels
AV Networking Software
Developer Tools
SaaS
Linked Companies
Audinate
$10M to $25M