Sunday, July 27, 2008

Celeno Raises $16 Million for WiFi Silicon

Celeno Communications, a start-up based in Israel, raised $16 million in Series C funding for its semiconductors for multimedia WiFi home networking applications.

Celeno's high-performance, standards-based WiFi System on a Chip enables robust, whole-home multimedia and entertainment distribution over wireless home networks. Celeno said its unique technology boosts standard WiFi performance, achieving improvements of up to 10 times the range and as much as twice the throughput of 802.11n draft 2.0 solutions. Celeno's system-on-a-chip (SoC) leverages Beam Forming MIMO and "Channel Aware" technologies, enabling interference-free, HD-quality video throughout the entire home.

The funding was led by Cisco. Miven Venture Partners and the company's previous investors, Greylock Partners and Pitango Venture Capital, also participated in the oversubscribed round. Total investment in the three-year old company now exceeds $30 million.