Qumu, Inc. Secures $10.7M in Series C Funding

Jul 25, 2008

Qumu, Inc., provider of Enterprise Video Communications, announced the completion of a $10.7 million Series C funding round led by ATV (Advanced Technology Ventures) and joined by SAP Ventures, a division of SAP AG, Storm Ventures, Garage Technology Ventures, Halo Opportunity Fund, and the Angels Forum. Qumu solutions provide central management for all video infrastructure components, including videoconferencing, encoders and other creation devices, digital signage distribution, network storage, and both internal and external Content Distribution Networks. Qumu will use the funds to continue to accelerate its product development efforts and expand its sales and marketing operations.

(www.qumu.com, www.atvcapital.com, www.sapventures.com, www.stormventures.com, www.garage.com)