RackSpace Execs Boost Startup

Two executives from San Antonio-based Rackspace have made new investments in a provider of video transcoding services, According to, it raised $2.0M in a funding round led by Metamorphic Ventures, and which also included Patrick Condon, co-founder of Rackspace and active Angel investor; John Engates, CTO of Rackspace, and angel Dave Morgan. offers up a software-as-a-service (SaaS) product which allows users to transcode their videos into a variety of mobile and web formats. is based in Denver with offices in San Francisco. More information »