Latest News as @ Wednesday, December 11, 2013
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The Hartford Courant
WALLINGFORD - Since its founding in 1997, VBrick Systems Inc. has managed to entice venture capitalists to regularly invest millions in its little black box, an electronic device the size of a brick that can broadcast live streaming video or stored videos over the Internet.
Through the years, those investments have included $4.2 million in venture capital funding in 1999, $22 million in 2001, $5 million in 2005 and $10.5 million in the third quarter of this year.
An increasing number of applications for its products may be one reason VBrick has grown from eight employees working in a cramped basement to 136 in a little more than a decade.
The company's plug-and-play, high-definition Internet video systems are used by universities, government agencies and private companies — even the White House — said Vince Graziani, the company's chief executive.