DALLAS -- Texas Instruments Inc. today announced it has invested $2 million in Digital 5 Inc., a New Jersey-based startup focused on development of application-specific embedded solutions using digital signal processors (DSPs).
TI said the investment is part of an $11 million second-round of financing in Digital 5, and it is aimed at helping to ensure expansion of new Internet audio applications that use DSP chips.
"By partnering with a leading embedded systems solution provider, TI is positioned well in markets that are growing rapidly and leveraging digital signal processor technology," said Bob McKune, worldwide business manager of Internet audio CD at TI. McKune said TI and privately-held D5 have a track record of cooperating in advanced digital audio technologies. TI said the investment give it a "sizable percentage stake" in the Princeton-based startup.
D5, which was previously called Sycom Technologies Inc. before changing its name last year, is using TI DSP technology in the company's Symphony embedded system product line, covering flash, CD, and hard disk drive products.