« Startup Raising Capital To Juice TV Cameras For Multiviews | Main | British Blog Network Shiny Media Funded - First Deal For Bright Station »
January 27, 2007
France's iWedia Raises €4M
Iwedia announced raising €4M from French venture firms for its digital TV zapper and middleware development. The two year old French firm provides middleware components and solutions for digital TV set-top boxes and engineering services "across the digital image chain".
The investors in what looks like a second round are CDC Entreprises Innovation, I-Source Gestion (C-Source fund), iXCore and Thales Corporate Ventures.
Milestones to be achieved with the funding include improving the quality and price of its zapper or remote control software to stand out from the competition, adding new features to the software for the mid-range to top-range set-top terminal market, enabling things like digital content-sharing within the home (transported using USB storage or over domestic networks) and storage. And to speed up product dev on software for digital TV operators, partiularly advanced security.
Partners and customers on Iwedia's website
The company has partnerships in place with a few electronic component manufacturers and conditional access system (CAS) suppliers. Customers have been announced in Poland and Uruguay and its system has been qualified for the UK market.
Posted on January 27, 2007 06:13 AM | Posted to Interactive TV | News And Updates | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/3002
