Siano raises $20m for mobile TV
May 24, 2011
Siano Mobile Silicon, a supplier of mobile digital TV receiver chips, has completed a $20 million expansion capital financing round. The round was led by leading Israeli venture capital fund, Jerusalem Venture Partners (JVP). The proceeds of the current round will be used for expanding the Company’s innovative product line as it extends its geographic presence in the emerging North American mobile ATSC (Advanced Television Systems Committee) market.
With approximately 50 per cent market share in China and Latin America for chipsets that allow the reception of digital TV on mobile, portable and hand-held devices, Siano is the de-facto leader of the digital mobile TV market in these regions.