PictureIQ gets $6M in series C round -- led by Adobe Ventures, Digital Partners, and Granite Ventures -- to accelerate development of rich media products

August 9, 2002

1 Min Read

SEATTLE -- PictureIQ® Corporation, the dynamic multimedia optimization company, today announced it has secured $6 million in private equity in the initial close of its series C funding. The funding round was led by major existing investors in the company, including Adobe Ventures, Digital Partners and Granite Ventures. The company will use the new capital to accelerate product development, expand sales and marketing efforts in key geographies such as Asia and Europe, and fund ongoing business operations. PictureIQ provides operators and content providers around the world with scalable infrastructure for the real-time optimization of multimedia content for delivery to and access by any Internet or mobile device. Its dozens of enterprise customers include Nippon Ericcson, Sony, and Toshiba. Next week, PictureIQ will announce a new product designed to enable interoperability of multimedia services for peer-to-peer mobile messaging within carrier environments. The company currently markets on a worldwide basis TransForce™ Model 300, a server appliance supporting the dynamic optimization of multimedia content for any networked device, and PhotoForce™ Model 325, enabling photo portal and picture mail services.“It was compelling for Adobe Ventures to re-invest in PictureIQ,” said Fred Mitchell, vice president of venture investments at Adobe Systems. “Picture IQ is helping businesses optimize multimedia content for any network-connected device, making it possible for their customers to reliably access compelling content.”PictureIQ Corp.

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