Siano Raises $24M in Series D Funding Round

Siano Mobile Silicon Ltd, a global supplier of mobile digital TV receiver chips, completed a $23.5m Series D round of funding.

The round consists exclusively of all existing investors: in the company: JVP, DFJ-Tamir-Fishman, Star Ventures, Walden Israel, and Bessemer Venture Partners.

Founded in late 2004, Siano develops and markets semiconductor chips for reception of digital TV on mobile, portable and hand-held devices. The company offers its products to key emerging mobile TV markets in Europe, South America and China and works closely with global PC and mobile handset manufacturers. It has offices in North America, China, Taiwan, Korea and EMEA (Israel).

According to Alon Ironi, Siano‘s CEO, “This financing round marks the completion of the transition that Siano made in the last year, from a start-up company to an established volume supplier to multiple international brands such as Samsung, Motorola, ZTE, Huawei, Mio, Garmin, Dell and many others.
“The new funds will help Siano solidify this position, build sufficient product inventory to secure vast supply, and in parallel continue to develop new products and penetrate new markets”.

12/01/2010