Inlet Technologies, a company that enables new media for new networks, has secured $10 million in series C venture financing. The round includes investments from four investors including, North Carolina-based Capitol Broadcasting Company (CBC). To date, Inlet has raised a total of $20.5 million in venture funding. The company has earmarked the investment to support additional encoding solutions for the expanding new media market.
Inlet Technologies has been a CED member since 2003. Company representatives participated in FastTrac® TechVenture™ in 2004, presented their technology at Info Tech 2004, and then pitched their company to investors at CED's 25th annual Venture conference in 2008. Founder and CEO, Neal Page, continues to support CED and the entrepreneurial community by speaking at CED events on topics ranging from hiring top talent and raising capital, to sales and marketing.
Inlet Technologies investor, Capitol Broadcasting Company, has been a grantor level member of CED since 1996. The company has sponsored CED's Entrepreneurial Excellence Awards for the past three years.