Celeno Closes $12M Investment RoundMonday, November 15th, 2010
New Strategic Investor Liberty Global Joins Funding Round
RA’ANANA, Israel — Celeno Communications, , a leading provider of semiconductors for multimedia Wi-Fi home networking applications, today announced it has closed a $12 million funding round. The latest round includes new strategic investor Liberty Global, Inc. (“Liberty Global”) (NASDAQ: LBTYA, LBTYB, LBTYK), the leading international cable operator. In September, Liberty Global chose Celeno’s Carrier-grade Wi-Fi technology to power its multimedia home gateway. Previous investors; Cisco, Greylock Partners, Miven Venture Partners, and Pitango Venture Capital, also participated in the round.
“We invested in Celeno because their carrier-grade Wi-Fi technology is a cornerstone for delivering video throughout the home and it will be a key component in our multimedia home gateways,” said Bruce Dines, VP of Technology Investing for Liberty Global Ventures. “We were impressed with Celeno’s technology and market leadership and believe that Celeno is well positioned to address the growing needs of the cable industry for high-quality, reliable Wi-Fi solutions.”
“Celeno’s industry-leading Wi-Fi technology is powering dozens of service providers’ home networks world-wide,” said Gilad Rozen, Celeno CEO. “This funding will enable us to expand our sales and marketing activities as we grow our customer base globally, and as we continue to develop our technology leadership in the market.”
Celeno’s Wi-Fi chipsets, powered by the OptimizAIR™ technology suite, improves 802.11n Wi-Fi to deliver robust HD video with whole-home coverage. It achieves up to 10 times the range and throughput compared to legacy 802.11n solutions while maintaining a robust signal with effectively no packet loss. Celeno’s solution is client agnostic and delivers HD performance to any third-party Wi-Fi client devices. Celeno is helping to revolutionize home networks and powers them to distribute HD video content to any screen in the home â”€ wirelessly: set top boxes, iPADs, wireless TV’s, digital video recorders, media streamers, laptops, and other devices.