Valens Semiconductor, a global provider of semiconductor products for the distribution of uncompressed high-definition (HD) multimedia content, has raised $14m in Series B funding.
Investors include Pegatron, Mitsui & Co. Global Investment Ltd., Amiti Ventures, Aviv Venture Capital, Genesis Partners and Magma Venture Partners.
The company intends to use funding to accelerate the development of follow-on generations of Valens’ HDBaseT chipset.
Led by CEO and Co-Founder Dror Jerushalmi, Valens leverages the HDBaseT technology, which enables a single LAN cable to replace multiple cables and connectors in the home entertainment and business environment.
HDBaseT is optimized for video applications and can connect all entertainment devices in a setting by providing the 5Play convergence of uncompressed full HD/3D digital video, audio, 100BaseT Ethernet, power over cable and various control signals.
With offices in Israel, Japan, Hong-Kong, USA, and local representatives in Korea, Taiwan and China, the company serves ProAV equipment manufacturers and consumer electronics companies, which are currently shipping and developing HDBaseT-enabled products including displays, projectors and A/V receivers.