Tuesday, July 5, 2011

Valens Raises $14 Million for HDBaseT Chips

Valens Semiconductor, a start-up based in Israel, raised $14 million in Series B funding for its HDBaseT technology.

Valens' HDBaseT technology is a consumer electronic (CE) connectivity technology optimized for whole-home and commercial multimedia distribution. HDBaseT uses a single, long-reach LAN cable with RJ45 connectors to connect entertainment devices. HDBaseT can deliver uncompressed video/audio up to 10.2 Gbps over Cat5e/6 LAN cables of up to 100m while supporting 100 Mbps Ethernet.

The funding will accelerate the development of follow-on generations of Valens' HDBaseT chipset.

The latest funding round comes from a blend of new strategic partners, including Taiwan-based Pegatron and Japan-based Mitsui & Co. Global Investment Ltd., together with new venture capital fund investors, Amiti Ventures and Aviv Venture Capital. In addition, Genesis Partners and Magma Venture Partners, who participated in Series A round of financing, also contributed to Series B.

Dror Jerushalmi, CEO and Co-Founder of Valens, stated "The quality of investors engaged in this round of financing speaks to the success of our HDBaseT technology and signals trust in our vision and our ability to further penetrate the CE market. These partnerships significantly enhance our ability to strengthen our foothold in the home-networking marketplace. We are ramping up production to deliver HDBaseT chipsets to global ODMs, OEMs and CE manufacturers along with added presence in the Japanese marketplace." http://www.valens-semi.com http://www.hdbaset.org

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