LONDON &@151; Recore Systems BV, a fabless chip company formed late in 2005 by researchers of reconfigurable technology at the University of Twente at Enschede, has raised $3 million in funding and plans to use to expand sales and marketing as it enters the market for digital radio and TV receiver chips.
The investment round was led by Point-One Innovation Fund and the East Netherlands Participation Company.
Recore's receiver chip targets consumer electronics for European and Asian markets, such as (car) radio systems, portable media players and navigation devices. The features include reception and playback of DMB, DAB+ and DAB broadcasts. The underlying reconfigurable technology allows the receiver to be used in every region of the world and enables adapting to standards and other developments.
Recore (Enschede, The Netherlands) is integrating the silicon tuner, baseband processing and media decoding in a single chip. This is expected to make the solution cost competitive and easy to integrate in end-user applications.
"During the past years, we strengthened our IP portfolio and we are now ready to enter the market with a chip of our own," said Paul Heysters, CEO of Recore, in a statement. "We offer a future-proof digital radio/TV receiver chip that can be fine-tuned in software to the requirements of a specific region. Entering this market requires expansion of our business development team, which will also foster our IP sales."
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