LONDON PC-TV software-plus-silicon company Mirics
Semiconductor Ltd. has announced it has secured $13 million in
additional funding with its existing investors Acacia Capital
Partners, Intel Capital and Pond Ventures all participating in this
It is thought the
latest round brings the amount of money raised by Mirics (Fleet, England) since its formation in
2004 to $32 million.
The company said it
would use the latest tranche of money to grow market share for its FlexiTV
product as it targest a range of consumer and computing devices (GFsuch as smart-,
note- and netbooks. FlexiTV is the lowest cost way to integrate a
multi-standard broadcast receiver into such mass-market consumer products,
investment team have all been very impressed at its recent multiple successes
in securing new business across a diverse customer base," said Marcos
Battisti, Managing Director, Intel Capital.