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VatorNews - YouTube co-founders raise Series A for AVOS

In the last year, most Silicon Valley denizens have known that Chad Hurley and Steve Chen - co-founders of YouTube fame - have been working on a venture, AVOS System, though the two have been relatively mum on their project.Now the San Mateo-based start-up has some fresh backing from New Enterprise Associates (NEA), Google Ventures (both of whom led the round), with participation from Madrone Capital and Innovation Works, a China-based incubator. The new financing - the amount of which was not disclosed - was announced at The Next Web Conferenc

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