Australia, Audinate Raises Additional $4M in Funding

Audinate Pty Ltd, a Ultimo, Australia-based developer of digital media networking solutions, has secured $4m in additional funding.

The round was led by existing investors, Starfish Ventures and Innovation Capital.

Audinate is developing TCP/IP-based networking technology, which has been widely adopted by leaders of the A/V industry including Bosch, Yamaha, Peavey, Dolby, and Lab.gruppen.

According to Lee Ellison, CEO of the company, the investment will allow Audinate to continue to expand its global sales and support organizations, and accelerate development efforts to support its rapidly expanding customer base.

21/01/2010