Clearleap, a new video technology company that recently joined ATDC, has closed its first round of venture capital funding. Industry leaders Trinity Ventures of Menlo Park and Noro-Moseley Partners of Atlanta co-led the $9 million investment.
Fred Wang of Trinity and Alan Taetle of Noro have been named to Clearleap’s board of directors. They are joined by Sig Mosley of Imlay Investments and Jim Chiddix, who both took a minority stake in the company.
Clearleap is developing a platform that brings the breadth and diversity of Internet video to the convenience and quality of TV. Clearleap was co-founded by Braxton Jarratt and John Vecchio, veterans of venture funded N2Broadband, a video pioneer acquired by Tandberg for $120 Million in 2005.
Join me in congratulating Braxton and John for taking this big step.