Telstra makes Elemental investment

Dec 30, 2014 • Robert Lavine

Broadcaster Sky also participated in a $14.5m round for the video processing company, which previously received funding from Disney-backed Steamboat Ventures.

Telecommunications company Telstra has led a $14.5m series D round for US-based video processing software provider Elemental Technologies that also featured broadcaster BSkyB.

Telstra and Sky were joined by venture capital firms General Catalyst Partners, Norwest Venture Partners and Voyager Capital, all of which are existing investors.

Founded in 2006, Elemental has created a delivery platform for online videos. The cash will be used to accelerate the company’s international growth as it expands its product range to support the entire…

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