07/19/2007
Home networking chip developer Valens Semiconductor raised $7 million
Valens Semiconductor, a developer of a chip that will enable high quality transmission of audio and video in a home networking environment, has raised $7 million from Genesis Partners and Magma Venture Partners.
Valens operates in the area of high definition quality home networking. The company’s chip enables the transmission of uncompressed audio and video at a high resolution to television screens as well as the management and control of different network elements. Valens' product line meets an increasingly growing need in the consumer electronic market, by considerably lowers the costs associated with establishing a home network, simplifies the installation, and extends the functionality of current solutions.
The Israeli startup is headed by Dror Jerushalmi, who was previously Director of Business Development at Saifun, VP Marketing at Emblaze Semiconductors, and VP Business Development at Tioga. Valens' founding team also includes Eyal Massad and Eyran Lida, who were part of the founding team of Mysticom, a developer of high speed communication integrated circuits. Additional team members include former Mysticom and TranSwitch employees.
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09/14/2006
Enure raised $8 million from Elron and Carmel Ventures; Opens North American sales office
Home network automation product provider Enure Networks has closed venture capital funding round totaling $8 million. Elron Electronic Industries led the investment round and Carmel Ventures participated as a co-investor.
The financial round is supporting the opening of Enure North American sales office in order to strengthen sales efforts with North American service providers seeking to deploy next generation home network-based broadband services. Yaron Naor will head the new Newton, Mass. sales office as Vice President of Sales, North America. Previously Naor served as President and CEO of Mobile Wisdom Inc., a Siemens-Comverse global joint venture he founded.
The new funding will also be used to expand and support sales and marketing activities with European service providers and to enhance product development of Enure's home network management automation product.
"Enure's unique solution is very timely in a market suffering from lost revenue due to excessive technical support," said Mr. Harel Beit-On, General Partner, Carmel Ventures. "Furthermore, the market is set to launch advanced broadband services, such as IPTV and VoIP, making the home network much more complex. We believe that Enure will emerge as the key enabler for the mass adoption of broadband home networks and services."
Founded by David Sayag in 2003, Enure Networks provide patented product capable of completely and intelligently automating the entire broadband home network environment. This includes automating set up, security, configuration and diagnosing and fixing any possible connectivity problem in real time.
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