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Ucentric gets $4 million more

Wed, 12/17/2003 - 7:00pm
Jeff Baumgartner

Multi-room DVR and digital music software firm Ucentric Systems said it has secured $4 million in financing from Polaris Ventures Partners.

Privately held Ucentric did not disclose how much capital it has raised so far or forecast when it expects to become profitable, but asserted the investment was a vote of confidence from its long-time investor.

"The continued support from our investors is validation not only for Ucentric's technology but also for the business proposition of whole-home digital entertainment systems," said Ucentric CEO Michael Collette, in a release.

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