LONDON Wireless HD chip developer and supplier Amimon Inc. (Herzlia, Israel) has raised $10 million in Series D funding.
The round was led by Stata Venture Partners and included return backers Argonaut Private Equity, Cedar Fund, Evergreen Venture Partners, Walden Israel and Motorola Ventures.
"We are experiencing strong acceptance of our newly introduced 1080p/60Hz chipset; the additional funding will allow Amimon to seize this opportunity to solidify our leadership position," said Dr. Yoav Nissan-Cohen, chairman and CEO of Amimon. "We will use this round of funding to enhance production and expand our worldwide operations to meet growing global demand for our technology in the consumer electronics as well as the medical and professional video markets," Nissan-Cohen addded.
Amimon's chipsets have been shipping in volume embedded in wireless HDTVs and video accessories by leading TV OEMs.
Earlier this year, the company announced its second generation chipset designed for the Wireless Home Digital Interface (WHDI) standard. The chipset is said to be capable of wirelessly delivering full uncompressed 1080p/60Hz HD content throughout the entire home.
WHDI chipsets will be integrated into wireless HDTV products and other WHDI devices from leading CE manufacturers.
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