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RipCode Raises $10.5M

Dallas, Texas-based RipCode, a firm developing video transcoding appliances, said Tuesday that it has raised $10.5M in a venture capital financing. The second round of funding for the firm will go towards sales, marketing, and development efforts, the firm said. The round was led by ATA Ventures, and also included Hunt Ventures, Vesbridge Partners, and El Dorado Ventures, bringing the company's total raise to $17.5M, including its Series A funding round last August. More information »