Monday, July 9, 2007
DiBcom, a Paris, France-based fabless startup that provides integrated circuit (IC) solutions for mobile TV reception, has announced the closing of its fifth round of financing at about $27 million (20 million Euros), bringing its total funding to date to about $80 million (60 million Euros.)
The venture capital (VC) arm of industry-leading chipmaker Intel Corp. participated in the round, as did the VC arm of Taiwanese foundry giant United Microelectronics Corp. (UMC). Both companies had invested in DiBcom in its previous funding rounds.
In addition, DiBcom added a new financial partner, French bank NATIXIS, which subscribed for 50 percent of the $27 million investment. Other previous investors that participated in the company's latest round included 3i, Cipio Partners, Convergent Capital, Credit Agricole Private Equity, Partech International, SGAM Alternative Investments and WI Harper.
DiBcom said it will use the additional funding to further accelerate its international growth and consolidate its leadership position as mobile TV markets in Europe and worldwide grow.
Although the format has yet to take off in any widespread sense, according to market analyst firm Rethink Research, more than 300 mobile TV trials are currently ongoing worldwide, with 73 percent of deployments using DVB-H. These pilots are due to become commercial deployments in 2008, the firm said. In addition, market research firm ABI Research has predicted that mobile TV will take off in coming years as the price for mobile phone TV chipsets falls into the single-digits.
By: DocMemory
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