Dulles, Va. – Echo360, a provider of Internet audio and
video technology used by universities, has raised $3 million through a notes
offering, according to a filing with the Securities and Exchange Commission
Nine investors took part in the round.
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, which also raised $26.4 million in a private
equity round that closed last April, initially was born in 2007 as a subsidiary