Tuesday, July 14, 2009

AMIMON Secures $10 Million

Funding to Accelerate Mass Market Adoption of WHDI--

AMIMON Inc., the market leader in wireless HD semiconductor solutions, announced that it has raised $10 million in its latest round of funding. Led by Stata Venture Partners, this series D round of financing included all significant investors from prior rounds, in particular: Argonaut Private Equity, Cedar Fund, Evergreen Venture Partners, Walden Israel and Motorola through their strategic venture capital, Motorola Ventures.

AMIMON's chipsets have been shipping in volume embedded in wireless HDTVs and video accessories by leading TV OEMs selling AMIMON-based products in the US, Europe and Japan. AMIMON's wireless technology has also enabled breakthrough products in the medical imaging and professional video markets. AMIMON's strong technical team has already developed and successfully launched six different chips with its prior funding. Engineering strengths coupled with a high-level of execution allowed for effective and efficient use of capital.

Earlier this year AMIMON announced its second generation chipset designed for the WHDI™ (Wireless Home Digital Interface™) standard. It's the world's only chipset capable of wirelessly delivering full uncompressed 1080p/60Hz HD content throughout the entire home. WHDI chipsets will be integrated into wireless HDTV products and other WHDI devices from leading CE manufacturers.

More information is available at www.amimon.com and www.whdi.org.

For the full press release, click here.

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