China's AltoBeam obtains funding

SAN JOSE, Calif. -- AltoBeam Technology Co. Ltd. (Beijing, China), a fabless semiconductor company that designs digital TV receiver chips, has obtained $8 million in equity financing.

Tano Capital LLC, on behalf of Tano China Private Equity Fund I, invested in AltoBeam. Other investors include DFJ Dragon Fund, Draper Fisher Jurvetson, PYJ-Dynasty Venture Fund and a Stanford University professor.