RGB Secures $20 Mil in Funding

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.