Dulles, Va. – Echo360, a provider of Internet audio and
video technology used by universities, has raised $6.8 million in an extension
of its second round of funding, which initially closed in Oct. 2008, according
to a filing with the Securities and Exchange Commission (SEC).
Ventures led the round, with SCP Partners and SoftBank Capital also
The company raised a total of $21.8 million in the round,
announcing the first $15 million in late 2008.
Echo360’s main offering helps
universities record and replay lectures from professors through podcasts, video
and rich media.
The technology was developed in partnership with the University of Western Australia.
The company initially
was born as a subsidiary of Anystream, and in 2007 acquired Lectopia, a company
providing lecture capture services in Australia
and New Zealand.