Video Encoding Firm Inlet Receives $3 Million Funding

Inlet Technologies, a Raleigh, N.C.-based provider of digital video encoding solutions, has received $3 million from existing investors to expand its sales and marketing efforts. Previous investors include Technology Venture Partners, Telecommunications Development Fund and NC-based Capitol Broadcasting Company.

Inlet’s customers include HDNet, Akimbo, Modern VideoFilm, Moviebeam, CinemaNow and Microsoft (NSDQ: MSFT) Studios, among others.