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.