LONDON Digital multimedia chip specialist Analogix Semiconductor, Inc. (Santa Clara, Calif.) has closed a Series B-3 round of financing that raised $10 million.
The round was led by China-focused venture capital group Keytone Ventures. Existing investors, including Woodside Fund, DCM, Globespan Capital Partners, and JAIC, also participated.
Analogixís operations are split between Silicon Valley and Beijing, China.
Recently, the company touted that it had become the first to deliver DisplayPort technology and the first to market HDMI receivers and transmitters with a reach of 25 meters over low-cost cable.
It was the first company to introduce a discrete DisplayPort 1.1a transmitter certified by the Video Electronics Standards Association (VESA).
"Our recent product releases, such as this spring's release of the ANX7150 CoolHD HDMI transmitter, position Analogix Semiconductor well for the future. We are excited to gain the financial support from leading venture capital firms in such a difficult economic environment", commented Dr Kewei Yang, chairman and CEO of Analogix.
As part of the financing, Stella Xi Jin, a partner with Keytone Ventures, is joining the Analogix Semiconductor board of directors.
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