Wednesday, March 5, 2008

Tzero Technologies--Wireless video products has raised $18 million

What Company Is Offering:
Tzero Technologies is a fabless semiconductor provider of CMOS, high-performance Ultra Wideband chipsets. The company's wireless High Definition video distribution solutions are designed into display and A/V component products from top tier OEMs around the world. Founded in 2003, TZero is headquartered in Sunnyvale, California.

How Much They Got From VCs:

Tzero Technologies, the leader in Ultra Wideband (UWB) technology and wireless video products, announced that it has raised $18 million in its third round of funding. The investment was led by the CID Group with full participation from Tzero's current investors: August Capital, Lightspeed Venture Partners, OVP, U.S. Venture Partners, and VentureTech Alliance.

"Tzero's technology for wireless distribution of high definition video is the only solution that meets the performance requirements of the leading consumer electronics manufacturers," said David Yang, partner with the CID Group. "UWB is quickly gaining traction in the market as the standard for wireless video and Tzero is leading this ramp. We are excited to be part of the team that brings this product to the wireless digital media centered home market."

"This round of funding will enable Tzero to expand its market presence, gain critical design wins across a broad spectrum of high-volume customers, and bring the next-generation of products to market," said Rajeev Krishnamoorthy, founder and CEO of Tzero. "The CID group's relationships and operational expertise are great assets for us, and we look forward to working closely together."

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