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RipCode Raises Series B

RipCode Inc., a Dallas-based developer of an appliance for transcoding digital video content, has raised $10.5 million in Series B funding. ATA Ventures led the deal, and was joined by return backers Hunt Ventures, Vesbridge Partners and El Dorado Ventures. RipCode had raised a $7 million Series A round in August 2006. www.ripcode.com