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July 31, 2006
Top Telco Startups - Two From Europe
Two European startups made a new list from the telecommunications industry trade publication Light Reading, namely its Top Ten New Startups to watch list. They are Gigle Semiconductor in Spain, which was founded by former ST Microelectronics execs, and T-VIPS, the Norwegian video-over-IP hardware manufacturer with the super-geeky name.
Gigle was founded to design and sell some home networking chips and was recently funded by Accel’s European Fund and Pond Ventures. The LightReading editors must be basing their positive judgement on the management team's experience (maybe also the fact that it raised capital from big name VCs) because there are no clues in the profile about what is innovative, visionary, or disruptive about Gigle’s chips and the home networking market is not exactly sizzling at the moment.
Northzone Ventures-backed T-VIPS made the list too. It is a hardware manufacturer specialized in VOIP and video- over IP gear used by telcos and broadcasters – a tough target market -- but LightReading’s editors list some of its paying customers that are buying in because of the need to deliver video and television over the Internet.
Read - Top Ten New Startups (Light Reading)
Read - Accel's Euro Fund Backs Gigle (a:c euro)
Posted on July 31, 2006 08:23 AM | Posted to Broadband Networks | Permalink
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