Verimatrix announced its Series C round of new funding led by Goldman Sachs. The new capital will fund aggressive business expansion and accelerate deployment of Verimatrix's 3-Dimensional Content Security solutions into the rapidly-evolving hybrid, cable and satellite markets around the world. New generations of products to address these markets will be developed from its global number one Verimatrix Video Content Authority System technology core.

All of the company's Series B investors, Crescendo Investments, Cipio Partners and Mission Ventures, participated in the round demonstrating continued commitment to Verimatrix's growth. With the closing of the Series C funding, Rohit Malhotra of Goldman Sachs' Principal Investment Area will join the Verimatrix Board of Directors.

Over the past year, Verimatrix has hit several major milestones with the addition of four new and enhanced products, doubling its customer base to more than 150 IPTV customers in 32 countries and by surpassing the 5 million screens secured mark. Central to its 3-Dimensional Content Security vision, Verimatrix's technology roadmap extends beyond encryption technologies to the opportunities and applications that new pay-TV networks must offer. Its suite of VCAS solutions offers a layered content security system that enables transparent delivery of content to multiple screens across different networks.