LONDON Xceive Corp., a fabless developer of RF-to-baseband TV tuner ICs, has announced it has secured more than $16 million in a combination of Series E equity and debt financing.
The Series E round was led by AVM Capital LP and Scale Venture Partners with other existing investors participating. The money will be used primarily to fund product development and expansion and growth, Xceive (Santa Clara, Calif.) said.
Xceive, founded in July 2001, claimed that nearly 10 million TV sets have been produced for all regions of the world with its XC5000 multi-standard tuner plus analog demodulator.
"We have succeeded in achieving the number one position in silicon tuners for television, and we are very pleased that our investors are showing their commitment by continuing to fund our growth," said Jean Louis Bories, President and CEO of Xceive, in a statement.
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