Siano raises $17.5m for mobile TV expansion
August 14, 2008
Eldad Tamir, co-founder and General Partner at DFJ-Tamir Fishman Ventures, said the firm had been keeping a constant eye out for noteworthy investment opportunities. "We've been observing the mobile TV market and its ever-rising potential for some time now."
“The consumer market is now starting to fulfil the vision that gave birth to Siano back in 2004, namely that within just a few years, practically every single non-tethered consumer device with a colour LCD would include digital TV function", said Alon Ironi, CEO of Siano. "We are witnessing massive embedding of our products into a surprisingly wide range of devices, from mobile phones and notebooks to navigation devices, portable media players and even boom-boxes and digital photo frames.”
Ironi said the new capital would help Siano expand its sales and customer support facilities worldwide, build adequate silicon inventory to match the increasing demand for its products, and continue developing state-of-the-art solutions for the