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Mobile TV Chip Maker Siano Raises USD 24 Mln Funding

Siano Press Release, 1/12/10

Israeli mobile TV chip maker Siano Mobile Silicon has announced the completion of a USD 23.5 mln fourth round of funding. The round consists exclusively of all of Siano's existing investors: JVP, DFJ-Tamir-Fishman, Star Ventures, Walden Israel, and Bessemer Venture Partners.

Wang Wei, General Manager of Siano China, said, "With three customer support centers, in Beijing, Shenzhen, and Shanghai, we are fit to support our large number of customers." Wang added that "these new funds will help us further increase our support personnel in China and maintain our lead in the market."

Founded in late 2004, Siano develops and markets semiconductor chips for reception of digital TV on mobile, portable and hand-held devices. In China, Siano supplies CMMB chips to Samsung, Motorola, ZTE, Huawei, Mio, Garmin, Dell and various other terminal manufacturers.

Keywords: CMMB JVP DFJ-Tamir-Fishman Star Ventures Walden Wang Wei funding Bessemer Siano mobile TV television fourth-round chipmaker HR

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