RALEIGH, NC—Inlet Technologies, a company developing video and multimedia compression technologies, has closed on $3 million in new venture funding according to WRAL’s LocalTechWire, which cites a regulatory filing. Inlet’s Spinnaker technology supports live, TV quality streaming for Flash, VC-1 and Silverlight formats simultaneously, allowing its users to reach more than 99 percent of PCs. The company’s products also support IPTV and other services.
In an earlier interview, Inlet CEO told TechJournal South, “The art and excitement of this is to get it compressed so it travels well and still looks good.”
Once, that meant delivering content over standard broadcast channels or cable to a single device. Today it means sending the video content to a multiplicity of devices over many networks to screen sizes ranging from cell phones to PCs and TVs. “That requires dramatic changes in how the video is prepared,” says Page.
Page says increased delivery of video over broadband Internet to computers will be the next major commercial success in the field. “Advertising models are paying for it,” he says. “And online viewing supports the traditional model. Viewing of “Lost” increased 11 percent once they put episodes online rather than seeing a decline.”
Inlet has raised a total of $13.5 million since its founding four years ago.
Investors include include Core Capital, Technology Venture Partners, Telecommunications Development Fund and North Carolina-based Capitol Broadcasting Company (CBC), which operates WRAL.
The companies customers include HDNet, formed by dot com billionaire Mark Cuban to deliver high definition television.
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