SUNNYVALE , Calif., March 27 /PRNewswire/ -- Stretch Inc., the pioneer and
leader in software configurable processors, today announced it has raised an
"This new round of investment demonstrates our confidence in the Stretch business model and the company's aggressive growth plans," said James Wei , co-founder and general partner of Worldview Technology Partners. "The Stretch software configurable processor technology uniquely supports the diverse needs of the fast growing surveillance and security market. We are confident that Stretch will continue to grow as the video surveillance industry expands to meet the needs of an increasingly security-conscious world."
"The continued support by our venture capital partners validates our success in the security and video surveillance markets," said Craig Lytle , president and CEO of Stretch. "The additional capital will fund product deployment and customer support following the enormously successful release of the S6000 family Reference Design Kits."
The Reference Design Kits feature the S6000 family software configurable processor. Designed with high performance video applications in mind, the family delivers the processing power needed to perform H.264 video compression while simultaneously performing leading edge video analytic algorithms. Delivering unequalled cost per channel in DVR applications and High Definition H.264 compression capabilities in IP camera designs, the S6000 family has re-set the bar in surveillance applications. The S6000 family software defined architecture enables rapid time to market and flexibility for OEM designs.
With more than sixty employees, and offices worldwide, Stretch has received thirteen patent awards and has thirteen additional patents pending.
About Worldview Technology Partners
Worldview Technology Partners is a leading venture capital firm focused on
investing in and building leading U.S. technology companies. Worldview's
comprehensive, industry-leading business development services help its
portfolio companies succeed in U.S. and international markets. With an 11-year
track record of successful technology investing and close to
About Oak Investment Partners
Oak Investment Partners is a growth-oriented private equity firm with a
About Menlo Ventures
Menlo Ventures provides long-term capital and management support to
early-stage and emerging-growth companies. One of Silicon Valley's oldest
venture capital partnerships, Menlo Ventures has organized and managed ten
venture funds since its inception in 1976. With over