TOP NEWS Raises $1.25M

Denver- and San Francisco-based, which operates an online, software-as-service video encoding services, announced today that it has raised $1.25M in a Series A funding. The funding was led by Metamorphic Ventures, and also included angels Patrick Condon, Fred Hamilton, Zelkova Ventures, Dave Morgan, and Allen Morgan. Marc Michel of Metapmorphic Ventures also joins's board along with the funding. said it launched in September of 2008, and is now encoding around 30,000 videos per day for online web site. More information »