Comcast Interactive Capital-backed RGB Networks acquires video processing software peer Ripcode.
RGB Networks, a US-based provider of network video processing software backed by broadcaster Comcast, has acquired for an undisclosed sum local peer RipCode for its mobile service.
RGB raised $20m in its April 2008 series D round, at a $200m valuation, from venture capital firms Institutional Venture Partners, which led the round, Accel Partners, Kleiner Perkins Caufield & Byers and Focus Ventures, as well as Comcast Interactive Capital, Comcast’s corporate venturing division. However, Mitsui & Company Venture Partners did not reinvest after backing its $20m series C round, at a $110m valuation, in June 2006.
The $12m series B round had been the year before.
Ripcode had raised about $38m from VCs Granite Ventures, Hunt Ventures, El Dorado Ventures, Vesbridge Partners and ATA Ventures, according to news provider PEHub.com.
