San Francisco, a provider of online video encoding services, announced on Wednesday
that it has closed a $1.25 million first round of financing, led by Metamorphic

Angel investors Patrick Condon, Fred Hamilton, Zelkova Ventures, Dave
Morgan, and Allen Morgan also participated.

Launched in 2008, San
Francisco-based offers a cloud-based video encoding service for
website operators hosting user-generated and premium video.

To date, the
company has encoded more than 4 million videos, and encodes an average of
30,000 videos per day for customers including MTV Networks, Nokia, MySpace and
Giant Realm.

The company will use the funds to expand marketing, sales and
brand building initiatives.


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