Dallas - RipCode, a developer of video transcoding technology, announced on Tuesday that it has raised $10.5 million in its second round of financing, led by ATA Ventures.

Hunt Ventures, Vesbridge Partners and El Dorado Ventures also participated.

Founded in 2005, Dallas-based RipCode had developed technology for video transcoding, or repurposing between different formats for different platforms, such as mobile TV, social networking video and studio-based productions.

The new funds will be used to expand sales, marketing and development efforts for the company's appliance-based video transcoding solution. RipCode previously raised $7 million in August 2006.

Related Links:
http://ripcode.com/pr/3.html