Inetcam Finds $12.5M

San Diego-based Inetcam has raised $12.5M in funding for its multimedia application development. The firm, which is developing applications for wireless devices, raised the round from Equal Elements. The company said that it would use the funding for global marketing, sales expansion, and product development. Inetcam's software provides real time video streaming to BREW, J2ME, and Smartphone wireless devices. Equal Elements also recently funded Soapbox Mobile, a wireless firm developing applications for marketing and advertising. More information »