Wednesday, July 6, 2011

Fabless Chip Company Valens Raises $14 Million

Valens Semiconductor, a provider of semiconductor products for the distribution of high-definition multimedia content and the inventor of the HDBaseT technology, this morning announced that it has raised $14 million in a Series B round of financing. The capital injection comes from Taiwan-based Pegatron and Japan-based Mitsui & Co. Global Investment, new VC investors Amiti Ventures and Aviv Venture Capital as well as previous backers Genesis Partners and Magma Venture Partners.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/MkTmFPFaidk/

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