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Los Angeles-based SteamboatVentures , the venture capital arm of the Walt Disney Company, has backed a firm developing massively parallel video processing technology, Elemental Technologies. According to Elemental, which is based in Portland, Steamboat was a new investor in its $7.5M, Series B funding round.
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11.2mm in Series A, rumored pre-money of $35mm; $1.6mm angel raised in Jan 2010. Investors: August Capital (David Hornik) (lead) with existing investors Charles River Ventures. Investors: Lightspeed Venture Partners (Jeremy Liew) (lead), with existing investors Polaris Venture Partners, Crosscut Ventures.
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