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Los Angeles-based SteamboatVentures , the venturecapital 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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Software-as-a-service companies write good software, and network companies build good networks, but rarely do you find both that do that well as the same time. We happen to be very profitable company, but as we look to grow, also need to explore different sources of capital. Really, it's just another source of capital.
The "best of show" prize went to Magnify360, which develops software for optimizing content and web sites for specific users. Magnify360 was voted the best investment opportunity by both venture capitalist audience members and panelists.
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