Soaring to Higher Altitudes and with More on Board

Submitted by Sam on May 8, 2012 - 00:01

Elemental taking offWe’ve had an eventful start to our week at Elemental, announcing today that we’ve raised $13 million in a Series C financing round led by Norwest Venture Partners (NVP). We’re honored to add NVP to our investor list that includes General Catalyst, Voyager Capital and Steamboat Ventures, who also participated in the round.

The new funding comes at a great time for us, as we have taken flight with recent key customer wins, including several streaming deals for the 2012 Olympic Games in London. It already feels like we are cruising at high speeds—now, this influx of capital turbocharges the company mid-flight!

In related news, Elemental named Kevin O’Hara as Chairman of its board of directors. Kevin joined the board just over a year ago and in his time here has instilled valuable wisdom upon the team based on his experiences as co-founder and president of Level 3 Communications and MFS Communications. Considering the speed at which Elemental is moving, even the slightest adjustment of the yoke can make a significant impact. We’re pleased to have Kevin and his steady hand involved with the company as we push ahead full throttle.

The most exciting aspect of the funding news is what it will enable on the hiring front. To aggressively expand, we are investing resources in the best and brightest folks the technology community has to offer. To our employees, we offer a spirited, stimulating and performance-driven environment in a new 17,000 square foot space. Whether your development expertise lies in Linux, REST, Ruby on Rails, or video codecs, we would love to have you as a member of the crew. Check out all our jobs here. One of the most rewarding elements of our work is seeing new faces populate Elemental and getting the chance to say “welcome aboard.”