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.