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Dolby invests in Indian video IP specialists, Ittiam,

Bangalore November 12 2021: Indian talent-fuelled multimedia solutions provider, Ittiam Systems, has made a simultaneous announcement from its Santa Clara (CA, US)  and Bangalore offices of a  strategic capital investment it has received from    audio specialists, Dolby Laboratories .
The investment is expected to  facilitate co-creation of new technologies and products for the rapidly growing online media workflows around content creation, delivery and consumption.
Says Srini Rajam, Chairman and CEO of Ittiam Systems:“This is a momentous occasion in the journey of Ittiam Systems, and the investment is intended to facilitate the delivery of next generation multimedia technologies and solutions. We are a unique company in India’s technology landscape focused on IP creation and recognized worldwide for quality, performance and reliability. So far, investors in Ittiam have been from the financial and venture capital community. The time is  the most appropriate now for Ittiam to have a globally admired brand and world leading IP company in Dolby as a strategic investor to open doors to new markets and guide our product roadmap."
Founded in 2001, Ittiam Systems is solutions provider to world leaders in multimedia, enabling next generation experiences through its suite of intelligent audio-video technologies and solutions.