Petaluma's Dilithium raises $1.5 million

<p>Petaluma's Dilithium Networks, which helps telecommunications providers deliver mobile video services, has raised $1.5 million of a $4 million venture offering, according to a filing with securities regulators.</p><p>Dilithium provides hardware, software and services for mobile video applications. It has about 120 network customers with 1.5 billion subscribers in 60 countries.</p><p>Dilithium is backed by venture funds including CM Capital, Accede Capital, Galleon Group, Jafco Investment, Motorola Ventures and U.S. Venture Partners.</p><p>Last year, Dilithium raised $10.9 million from investors.</p><p>In addition to its headquarters in Petaluma, Dilithium has development and design centers in India and Singapore.</p><p>In February, Dilithium launched Galaxy, a technology platform designed to make it faster and easier for service providers to offer mobile video.</p>