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Building B Raises $17.5 Million

Building B, a Belmont, Calif.-based digital media company, has raised $17.5 million in first-round funding. Backers include Index Ventures, Omni Capital, Morgenthaler Ventures and individual angels. Building B is developing a turnkey home video entertainment solution that integrates traditional television content in HDTV with on-demand premium content and Internet video — delivered to the living room television without the need for a PC. www.building-b.com