Newport Media Lands $15,000,000 Series D Financing Round

  • Feed Type
  • Date
    2/24/2010
  • Company Name
    Newport Media
  • Mailing Address
    25371 Commercentre Drive Lake Forest, CA 92630
  • Company Description
    Newport Media is a fabless semiconductor company that develops and sells highly integrated solutions for emerging digital audio and mobile TV broadcasts standards. Market research firm In-Stat forecasts that the market for TV enabled cellular phones will grow to over 80 million units annually by 2010. To optimally address this and other significant market opportunities, Newport Media has assembled a management and development team with comprehensive system semiconductor experience in wireless handset and digital set-top box industries. Newport Media’s development team leverages its collective experience in these converging industries to develop broadcast multi-media architectures and IC implementations with unprecedented performance, power consumption, size and cost. Newport Media is a member of all major mobile TV industry forums and is an active participant in the international standardization process.
  • Website
    http://www.newportmediainc.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $15,000,000
  • Transaction Round
    Series D
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Pinnacle Ventures
  • Venture Investor
    Benchmark Capital
  • Venture Investor
    Venrock
  • Venture Investor
    Global Catalyst Partners
  • Venture Investor
    Oak Investment Partners
  • Venture Investor
    DAG Ventures