Modulus Adds $10M to Coffers

9/27/2005 5:31 AM Eastern

Modulus Video Inc. has raised $10 million in a series-B funding round led by Thomas Weisel Venture Partners, with participation from Trinity Ventures.

Modulus is building next-generation encoding equipment built around the MPEG-4 (Moving Picture Expert Group) standard. MPEG-4 reduces the bandwidth needs of service providers using that format.

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