DivX Networks Finds $7M

San Diego-based DivX Networks has raised another $7M in venture funding in a Series C round. The round was led by existing investor Zone Ventures, and also included WI Harper Group, Draper Atlantic, Wasatch Ventures, Springboard-Harper, Cardinal Venture Capital, ALi Corp, and Cyberlink International Corp. DivX Networks provides a multimedia codec used for compressing video over broadband connections. More information »