Imagine Communications Raises $10M

San Diego-based Imagine Communications, a developer of digital video products for the TV broadcast market, announced today that it has raised $10M in a round of expansion financing. The round came from existing investors Court Square Ventures, Columbia Capital and Carmel Ventures. According to Imagine Communications, the funding will go towards expanding support for customers, and accelerating deployment of its MPEG-4 encoding and transcoding tools. The new funding brings the company's total raised to more than $34M. More information »