08/16/2006
Fabless semiconductor startup AMIMON raises $14 million to bring wireless HDTV to market
AMIMON has raised $14 million in a second round of private venture funding led by Stata Venture Partners. Other participants include Argonaut Private Equity and previous investors Cedar Fund, Walden Israel and Evergreen Partners. This brings the total investment in the company to more than $21 million. AMIMON is developing a wireless video modem chipset for the transmission of uncompressed high-definition video streams with equivalent data rates of up to 3Gbps, which it plans to bring to market in the first quarter of 2007.
"AMIMON's ability to distribute uncompressed wireless HD video streams with wired-equivalent quality is a strategic building block for the home multimedia network," said Lee Barbieri, Managing Partner of Stata Ventures. "We decided to invest in AMIMON due to the enormous market potential for its innovative technologies, its talented management team, its superior technology, and the significant traction it has made with major consumer electronics vendors."
AMIMON is a fabless semiconductor company pioneering wireless uncompressed high-definition video for universal connectivity among CE video devices. AMIMON's uncompressed Wireless High-Definition Interface (WHDI) allows flat-panel televisions and multimedia projectors to wirelessly interface to all HDTV video. AMIMON's wireless high definition interface was recently demonstrated with SANYO Electric.
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