Verimatrix has closed a third round of more than $20 million in funding from investors including JK&B Capital, Goldman Sachs and SunAmerica Ventures as the company looks to market its content-security technologies to cable and satellite markets worldwide.
The funding brings the company to $43 million to date. Previous investors, which also participated in the latest round, include Crescendo Ventures, Cipio Partners and Mission Ventures.
Verimatrix sells software to pay-TV outlets that provides content encryption, conditional access, digital rights management and watermarking functions across multiple devices and networks.
The San Diego-based company was founded in 1999 and deployed with its first telco customer, Korea Telecom, in 2004.
Verimatrix said its content-security technology has been deployed in 165 installations worldwide, representing a total of 5 million screens.
