Modulus Video Secures $10 Million

"Modulus Video, Inc., an emerging leader in the market for MPEG-4 AVC video compression systems that enable delivery of standard and high definition video over satellite, cable, terrestrial and IPTV networks, announced today that the company has closed its Series B round of venture funding for $10 million led by Thomas Weisel Venture Partners (TWVP) of Palo Alto, California, with participation from Trinity Ventures of Menlo Park, California."