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HD Wi-Fi company Celeno closes $24m. round

Posted By Nicky Blackburn On September 27, 2012 @ 10:15 am In | 1 Comment

Wi-Fi chip and software developer, Celeno Communications has raised $24 million in its latest investment round.

Investors in the series E round of funding included Cisco, Liberty Global, Greylock Partners, and Pitango Venture Capital. They were joined by new investor Vintage Investment Partners. The latest round brings the company’s total funding to more than $68 million.

Seven-year-old Celeno, which employs 70 and is based in Ra’anana, with offices in the US, France, Korea, Japan, China and Taiwan, plans to use the investment to expand its development program and increase its marketing effort around the world.

Celeno develops Wi-Fi chips and software for HD multimedia and high-To date, Celeno chips are being used in over 75 service providers worldwide, including names like Deutsche Telekom, Liberty Global, UPC, and China Telecom. The chips enable home networks to distribute HD video content to any screen in the home wirelessly – including set-top boxes, laptops, tablet computers, wireless TVs, media streamers and digital video recorders.
 

“The new funding comes at an exciting time in our industry as we move toward 802.11ac, the standard set to drive faster Wi-Fi in the home,” said Gilad Rozen, CEO of Celeno, who founded the company in 2005. “Celeno… is ideally positioned to capitalize on the increasing requirement by carriers seeking to offer consumers the high-quality video experience they demand on multiple screens throughout the home.
 

“The funding is a compelling testament to our market leadership and our strong pipeline of leading service providers and manufacturers worldwide,” added Rozen. 


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