Mirics Limited, a Fleet, UK developer of a software-based broadcast TV receiver, had secured $13m in venture capital funding.
Investors include existing partners Acacia Capital Partners, Intel Capital and Pond Ventures.
This funding will enable the company to expand commercial efforts and grow the customer base for its innovative Mirics FlexiTV™ solution, targeting a wide range of consumer devices and PC platforms.
Commenting on the round, Simon Atkinson, CEO of Mirics (see photo), was quoted as saying: “This investment will enable us to further capitalize on the current industry demand for broadcast-enabled consumer devices using our FlexiTV solutions and increase our resources to support our growing customer base”.
The company has development, support and sales operations in USA, UK, Hong Kong, China and Taiwan.