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Semiconductors - Monday, March 19, 2007

Israeli WiFi Chip Maker Celano Raises $14.2M

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Israel's Celeno has raised $14.2M in a second round to get to market its WiFi multimedia components and systems for home wireless networks. he company's technology enables service providers to deploy wireless home networks that can deliver multiple HDTV and SDTV streams as well as VoIP content throughout the home. Its potential customers are telecommunications carriers and cable and satellite operators.

Pitango Venture Capital and Greylock Partners led the round and were joined by the company's existing investors. The company has raised $2M from a number of undisclosed private investors since it was founded in 2005.

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