RipCode Pulls Down $7 Million

RipCode Inc., a provider of technologies for processing Internet video content, has raised $7 million in first-round funding. Participants included Hunt Ventures, Vesbridge Partners, El Dorado Ventures and ATA Ventures. RipCode has offices in both Austin and < ?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Dallas, Texas. www.ripcode.com < ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />