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July 17, 2006
Mirics Handles Alphabet Soup Of Digital Broadcast
We posted a while ago about some research into the plethora of standards emerging for broadcasting content to mobilephones and portable media device and how startups that made the wrong choice could be at risk. In the meantime, startup chip company Mirics has turned the standards battle into an opportunity, developing a smart radio frequency chip that can receive several competing protocols, such as DVB-H, T-DMB, ISDB-T, DAB-IP, MediaFlo, DAB, DRM and even AM/FM, it claims.
It just raised a first round of financing from Pond Ventures of an undisclosed amount. It was also seed funded by Pond.
An insight into what its VC has been doing to help the firm grow was in the press release.
--- many of the key hires Mirics made were introduced by Pond.
--- Pond introduced the firm to a "significant" number of customers and partners in the US, Europe
--- spent a "lot of quality time" with us helping us drive the strategy forward.
This is what all early stage VCs should be doing. If they're not, then all the startup gets in exchange for its equity is expensive money.
Read - Pond Ventures announces its first major investment in the mobile broadcast market (Press Release)
Read - Standards Battle For Mobile TV Puts Startups In The Crossfire (a:c euro)
Posted on July 17, 2006 03:17 PM | Posted to News And Updates | Venture Capital | Wireless | Permalink
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