Newest Video Bet By Disney's Steamboat Ventures Is Elemental

Steamboat Ventures Managing Director Scott Hilleboe admits that investing in video technologies is a bit frenzied these days.

“The short-term horizon, it’s like the wild, wild west,” Hilleboe said. “The growth of online video is causing a land grab.”

Video is an important theme for Steamboat, which is affiliated with Walt Disney Co. (DIS), and the firm has a portfolio full of video investments. The most recent is Elemental Technologies Inc., a provider of technology for video processing that relies on graphics processing units, or GPUs.

Steamboat led the company’s $7.5 million Series B round, with participation from previous investors General Catalyst and Voyager Capital.

Steamboat invests in early to mid-stage, technology-focused companies pursuing opportunities in digital media and consumer technology. Other video investments include content delivery network EdgeCast Networks Inc. and camcorder maker Pure Digital Technologies Inc., which sold to Cisco Systems Inc. (CSCO) for $590 million in stock.

Read the rest of this post on the original site


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »