Imagine Communications Adds $15M

San Diego-based Imagine Communications, which develops video on demand and IPTV hardware, said today that it has closed on $15M in Series B funding for the firm. The round was led by Court Square Ventures, and also included prior investors Columbia Capital and Carmel Ventures. The firm said this round brings the company's total raised to more than $24M. Imagine will use the new funding to accelerate its growth. James B. Murray, Jr. of Court Square has joined the firm's board of directors in conjunction with the funding. Imagine said that it will launch its first product in Q4 of 2007. More information »