Sunday, November 19, 2006

Newport Media Raises $30 Million for Mobile TV Silicon

Newport Media, a start-up based in Lake Forest, California, closed a $30 million Series C financing round for its work in developing silicon solutions for digital audio and mobile TV applications.

Newport Media is developing highly integrated, system-on-a-chip (SoC) solutions designed to support all major mobile TV standards. The company said its Sundance H solution enables wireless handsets and mobile digital TV players with increased viewing time while simultaneously improving key performance metrics like sensitivity, channel switching time and interference immunity. The design is initially aimed at Digital Video Broadcasting-Handhelds (DVB-H). It will also support other air interface standards including Terrestrial-Digital Multimedia Broadcasting (T-DMB), Integrated Services Digital Broadcasting-Terrestrial (ISDB-T) and MediaFLO.

The new funding round was led by new investor DAG Ventures. Previous investors Benchmark Capital, Global Catalyst Partners, Oak Investment Partners, Pinnacle Ventures, and Venrock Associates joined DAG Ventures in this round. Newport Media has raised more than $66 million to date.