Inlet Technologies, which offers multi-format video encoding technology, has raised $10 million in a third round of funding. The funding comes from Core Capital Partners, Technology Venture Partners, Telecommunications Development Fund and the Capitol Broadcasting Company.
The Raleigh, N.C.-based startup has raised $20.5 million total. Its technology has powered applications for Major League Baseball Advanced Media, Microsoft and others, and its customer base has grown 400 percnet in the last year.