Monday, November 21, 2005

CopperGate Secures $14.5 Million for Home Networking Silicon (HPNA)

CopperGate Communications, a start-up based in Tel Aviv, raised approximately $14.5 million in a third round funding for its chipset solutions for multimedia home networking.

The financing led by new investor Carmel Ventures, with the participation of existing investors Tamir Fishman Ventures and the Challenge Fund.

CopperGate has been a prime contributor to the HPNA V3 specification for high performance multimedia home phoneline networking. HPNA V3 standard chipsets utilize existing coax cables and telephony wiring in the home for connecting devices such as residential gateways, TV set-top boxes, personal video recorders (PVRs) and PC peripherals.

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