Semiconductors - Wednesday, August 22, 2007
Telegent Raises $20M To Increase International Exposure To Its TV>Cell Phone Chips
Telegent, a chip maker which focuses on mobile TV, has raised $20M in a third round of funding. The Sunnyvale-based startup said that China-based Northern Light Venture Capital was the latest investor. Total outside investment in Telegent now amounts to $50M. Prior backers include Giuseppe Zocco, a venture capitalist at Index Ventures, has also invested in Joost.
Telegent's chips allow mobile phones to receive terrestrial broadcasts. Its technology reduces power consumption, and allows up to 4.5 hours of viewing time on cell phones. In February it announced a partnership with NEC.
Read - announcement
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