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Technology and the Internet

RioPort, the San Jose company that develops...

By Karen Kaplan

RioPort, the San Jose company that develops technology for playing music on the Internet, is expected to announce today that it has raised $30 million in venture capital as it begins operations as an independent company. RioPort, formerly a unit of San Jose-based Diamond Multimedia Systems and its parent company, Santa Clara-based S3, received investments from Vulcan Ventures and Oak Investment Partners. The company said it plans to use the money for application software development and design and to fund Internet and content aggregation activities. RioPort is also expected to announce that it has finalized a multiyear deal to sell digitally downloadable music on Web sites operated by MTV Networks Online, which will take an equity stake in RioPort.

Technology and the InternetEntertainment & Arts
Karen Kaplan

Karen Kaplan covers science and medical research for the Los Angeles Times. She has been a member of the science team since 2005, including 13 years as an editor. Her first decade at The Times was spent covering technology in the Business section as both a reporter and editor. She grew up in San Diego and is a graduate of MIT and Columbia University.

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