News & Analysis
Comment
daleste
Even though venture capital is much lower now due to the economy, it's good to ...
Mirics secures an extra $13 million
Peter Clarke
7/14/2010 11:47 AM EDT
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 latest round.
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, Mirics said.
"Mirics' 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.
Related links and articles:
Mirics launches TV decoding on GPU
Mirics starts volume shipments of FlexiTV software
Survey shows how users want more on mobiles
|
|
|
|
|
daleste
7/14/2010 2:52 PM EDT
Even though venture capital is much lower now due to the economy, it's good to see that there are still investments being made. These are the actions that help to pull us out of this downturn.
Sign in to Reply