Siano Mobile Silicon Secures $11.5M in Series A Funding for Mobile Digital TV Market

Siano Mobile Silicon Secures $11.5M in Series A Funding for Mobile Digital TV Market

NEW YORK and NETANYA, Israel, April 4 /PRNewswire/ -- Israel-based Siano Mobile Silicon (http://www.siano-ms.com/), a fabless semiconductor start-up developing mobile digital television (MDTV) receiver solutions, has closed its Series A funding of $11.5 million, the company reported today.

The lead investor in the funding round was JVP (Jerusalem Venture Partners - http://www.jvpvc.com/), together with Walden Israel (http://www.walden.co.il/) and Star Ventures (http://www.star-ventures.com/).

Siano was founded in June 2004 by a group of Israeli entrepreneurs led by Alon Ironi, former CEO of Emblaze Semiconductor, who serves as the company's CEO, together with Adam Fisher, a General Partner at JVP and Siano's chairman of the board.

"Now that we've secured a fairly large first round, we can aggressively pursue our target, namely to soon come up with a superior solution for the exciting emerging market of mobile DTV," said Ironi.

The company, already counting around 30 employees, is developing a unique all-CMOS, multi-standard, multi-band integrated receiver, targeted for cellular phones, laptop computers, portable video players, and similar portable consumer devices.

"The new emerging market of TV on mobile requires breakthrough solutions that will overcome issues of mobility, power consumption, and physical size, while minimizing the overhead on the already-sensitive bill of material of handheld devices," said Dr. Ulrich Schumacher, a member of Siano's board of directors. "Siano has exactly the right technology and the right team to achieve that in a highly competitive way," added Schumacher, a partner with Francisco Partners from the Silicon Valley, and former CEO of Infineon.

Source: Siano Mobile Silicon

CONTACT: Todd Barrish, +1-212-798-1410, todd@connors.com, for Siano Mobile Silicon

Web site: http://www.siano-ms.com/ http://www.jvpvc.com/ http://www.walden.co.il/ http://www.star-ventures.com/

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