RipCode, a Dallas and Austin-based online video processing firm, has raised $7 million in first-round funding…..investors included Hunt Ventures, Vesbridge Partners and El Dorado Ventures, all of who co-led the financing round, with participation by ATA Ventures.
The company is a video equipment manufacturer that develops products “to accelerate the re-purposing of video content including mobile TV, social networking video, and studio-based productions”, or so it says. The company’s CEO is former Genband CEO Brendon Mills.
More in the release here.