LONDON BridgeCo Inc., the provider of processor IC and software platforms for home networking and Internet radio, has raised a further $6 million from its existing backers, bringing the total raised to $59 million.
Return backers include Advent Venture Partners, Balderton Capital (formerly Benchmark Capital Europe), Cipio Partners, Earlybird Venture Capital, Fidelity Ventures, Intel Capital and Wellington Partners.
BridgeCo (Zurich, Switzerland) has already produced silicon and software to connect consumer electronics to home networks and the Internet, and has design wins with Pioneer, Denon, Grundig, Harman Kardon and Philips. It claims to have shipped more than a million units of its networked audio processors, and says it supplies over half of the world’s global brands that manufacture networked audio products.
According to Gene Sheridan, BridgeCo's CEO, every radio, stereo and audio system will soon have a network interface card, and demand for the company's products is accelerating since the launch last year of its JukeBlox technology platform.
This incorporates the company’s DM870 ARM9-based triple-core processor with integrated Wi-Fi support, a Linux-based SDK and middleware stack, and a ready-to-manufacture hardware reference design with a component BOM cost claimed to be 20 percent below previous implementations.
The DM870 processor features a dedicated audio engine and a dedicated real-time security processor. In the JukeBlox platform, the 240-MHz processor core supports the Linux OS; MP3, WMA, AAC and other audio decompression standards; and offers additional processing bandwidth for system control and highly advanced user interface operations.
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