Monday, December 18, 2006

Intellon Raises $18 Million for HomePlug AV Chips

Intellon, a privately-held supplier of powerline communications technology, raised $18 million in new equity financing, including financial backing from Samsung. Intellon will use the new funds to accelerate the global rollout of its HomePlug AV compatible ICs. The company already ships a line of HomePlug 1.0 compatible ICs for use in home networking, IPTV distribution, broadband over powerline (BPL) and commercial applications.

Intellon said its new HomePlug AV ICs enable whole-house distribution of high definition video and digital audio over existing home electrical wiring and coaxial cable, with robust quality of service and tight control of latency and jitter.

In this latest funding round, Samsung Ventures joined existing investors BCE Capital; Comcast Interactive Capital; Duchossois Technology Partners; EnerTech Capital; Fidelity Ventures; Goldman, Sachs & Co.; Intel Capital; Liberty Associated Partners, LP; Motorola Ventures, the strategic investment arm of Motorola, Inc.; TL Ventures; and UMC Capital Corporation in the financing round. The round was led by Goldman Sachs.