LONDON Redmere Technology Ltd. (Dublin, Ireland) a supplier of equalizing transceiver ICs for active cables, has secured $5.6 million in Series B funding which was led by Celtic House Venture Partners, Toronto.
EdgeStone Capital Partners (Toronto) and Enterprise Equity (Dublin) also participated in this funding round. Redmere raised $13.2 million in a Series A round of funding that took place in 2006 and 2007.
RedMere's EyeWire chip technology allows adequate signal propagation with less copper and shielding. It removes up to 80 percent of the copper used in hi-definition video cables. The chip buried in the connectors is powered by the signals transmitted themselves and embeds signal processing technology directly into the cable structure to improve bandwidth performance and guarantees support for HDMI data rates up to HDMI v1.4.
"Our EyeWire active chipset has now been adopted in Home Theatre and Camera cable applications worldwide. The thin nature of the cables makes them easy to route and hide, and their reduced weight makes them ideal for portability. This funding round will be used primarily to expand our penetration into the camera and mobile handset smartphone markets," said Peter Smyth, CEO RedMere, in a statement. "These cables are ultra thin, about 2-mm in diameter, perfect for carrying with these portable applications."
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