LONDON – AltoBeam Technology Co. Ltd., a fabless chip company developing digital television demodulators, has announced it has raised $6 million in a Series C funding round, led by US Venture Partners (USVP). AltoBeam (Beijing, China) was founded in April 2007 and has its R&D center in Beijing Tsinghua Science Park.
Irwin Federman and David Liddle, partners of USVP and veterans in the semiconductor industry and investment community, have joined AltoBeam's board of directors. AltoBeam's long-term investors, DFJ DragonFund, Tano Capital, and PYJ-Dynasty Venture Fund, also participated in the round.
AltoBeam said that is DTV demodulators are now being used by a "significant majority" of TV makers and that the company has become a "major player" in the CTTB/DTMB DTV semiconductor supply chain.
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