Israel Science Technology

Fabless semiconductor startup company Celeno Communications has closed a strategic $16 million in a Series C investment round led by Cisco Systems. Miven Venture Partners and the company's previous investors, Greylock Partners and Pitango Venture Capital, also participated in this financial round. Total investment in the three-year old company now exceeds $30 million.

Celeno is a provider of semiconductors for multimedia Wi-Fi home networking applications. The company standards-based Wi-Fi System on a Chip enables applications such as IPTV streaming, multi-room DVR content distribution and marrying the PC network with multiple TV screens - with full home coverage and no new wires. Wi-Fi silicon components for multimedia distribution are integrated in devices such as residential gateways, set top boxes and home routers.

"Cisco's expertise in home networking and video distribution brings complementary skills to address service providers' and consumers' needs for robust, carrier-grade IP video distribution solutions in the home,” Gilad Rozen, CEO of Celeno.

Celeno was founded in 2005 by Rozen, who previously served as SVP of products and technology and VP of engineering at Actelis Networks. The company chairman of the board is Dr. Jozef Straus, who served as the CEO of JDS Uniphase from May 2000 until August 2003.

Yoram Snir who joined Greylock as a partner in 2005 after seven years at Cisco Systems, ia another member of Celeno board. At his last position with Cisco Snir was responsible for its acquisitions, investments and strategic partnerships efforts in Europe, Asia Pacific and Israel.

Celeno headquarters and R&D center are in Ra'anana, Israel. The marketing and business development office is in Silicon Valley, California.

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