Video processing developer Ripcode has secured $10.5 million in a second round financing. The round was led by ATA Ventures with participation from Hunt Ventures, Vesbridge Partners and El Dorado Ventures. RipCode closed a $7 million first round in August 2006. RipCode’s employs a “transcoding” technology that can process multiple video files simultaneously for viewing across a range of media including PCs, mobile phones and iPods. The company is marketing its technology to broadcasters, content syndicators, and user generated video sites as a way to reduce hardware, storage and energy use, while providing a greater variety of content choices. Release