GEO Semiconductor Garners $1,600,000 Series B Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5e837a42-48f0-476f-b4df-0befbd878055&Preview=1
Date
10/19/2011
Company Name
GEO Semiconductor
Mailing Address
2350 Mission College Blvd Santa Clara, CA 95054
Company Description
Geo Semiconductor Inc. has acquired the assets related to two unique pixel processing platform technologies and the associated IC businesses from Silicon Optix. Both the Realta and GEO IC’s are in production. The transaction closed on May 11, 2009, and has made GEO the absolute leader in video and geometry processing!
Website
http://www.geosemi.com
Transaction Type
Debt, Venture Equity
Transaction Amount
$1,600,000
Transaction Round
Series B
Proceeds Purposes
GEO plans to utilize the proceeds from the Series B financing to complete the development of itsnew GEN 4 eWARP processor.
M&A Terms
Venture Investor
Undisclosed