Funding Alert: Movidia Raises $14M For Mobile Video Editing

Movidia is a semiconductor company whose technology provides basic video, sound and post production capabilities for mobile phones.
The content can then be used to export onto standard or mobile social networks, blogs, etc.
Today the Irish company announced a $14M (£8M) in Series A funding from an international investors Celtic House Venture Partners and Capital-E.
Someone start a funding counter because things are looking up.