Digital Video Startup Raises $5 Million

Avidence Inc., a Sunnyvale, Calif.-based provider of digital video software for the enterprise, has raised around $5 million in Series A funding, according to a regulatory filing. Backers include ArrowPath Ventures and Red Rock Ventures. www.avidence.com< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />