Vbrick Systems is a relatively old member of the online video scene. For a decade it’s provided technology to websites for video hosting. As the field has evolved, so has the company, which just raised $10.4 million and plans to launch new hardware and software for streaming and pay-per-view video. The contribution went toward a $15.7 million sixth round of funding that remains open.

The Wallingford, Conn.-based company also hopes to bring in money by embedding advertising in some of the videos it serves. It brought in $30 million in revenue last year and reports that 2008 will yield even more. It’s been helped along the way by a partnership with Akamai Technologies, a company that will improve its network resources, and by a total of $62 million in VC backing to date.

The recent round of investment included Adams Capital Management, Menlo Ventures, Morgan Stanley Venture Partners, Redshift Ventures and Two River Associates.

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn more about membership.