RGB Networks has raised an additional $20 million in funding, resulting in a company valuation of $200 million – an 82 percent increase over its $110 million valuation in June 2006. The funding round was led by RGB’s newest investor, Institutional Venture Partners, which specializes in later-stage funding for U.S. technology companies. Also participating are RGB’s earlier investors: Accel Partners, Comcast Interactive Capital, Kleiner Perkins Caufield and Byers and Focus Ventures.

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Friday–June 27

USF Prevails: Supreme Court Upholds FCC Subsidy Program

The FCC’s Universal Service Fund survived a legal challenge that claimed the $8 billion subsidy program is unconstitutional as currently constructed.

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