San Diego semiconductor designer Entropic Communications (NASDAQ: [[ticker:ENTR]]) says today it has formed a strategic partnership with Zenverge, a Cupertino, CA-based chip design firm to work together on the next generation of multimedia products for home entertainment systems.
In a separate release, Zenverge says it has closed a $20.5 million Series D round of financing led by Entropic, which disclosed that it has invested $10 million in Zenverge. Both companies specialize in advanced media chips, and Entropic is a co-founder of the Multimedia over Coax Alliance (MoCA). As part of their strategic partnership, Entropic and Zenverge plan to align their technology roadmaps and co-develop products developed for high-definition TV quality video and other multimedia products for the MoCA 2.0 home network.
In addition to Entropic, Zenverge says the CID Group and Woodside Fund also participated in the latest round as new investors. Existing investors DCM, Northwest Venture Partners, and Motorola Mobility Ventures all joined in the round as well. Zenverge says it will use the capital to expand and meet market demand for new and existing products. Entropic CEO Patrick Henry also joined Zenverge’s board of directors.
Author: Bruce V. Bigelow
In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here.
Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University.
Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.
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