Thursday, January 6, 2005

DivXNetworks Receives Strategic Investment

San Diego-based DivXNetworks said this morning that it has received a strategic investment from Samsung Ventures America, the US-based venture capital investment arm of Samsung Venture Investment Corp. Amount of the funding was undisclosed. DivXNetworks is developing compression and decompression technology for video. The company's technology is being licensed to consumer electronic devices, including Samsung's DVD players. More information »