Newport Media Raises $15M in Series D Financing

Newport Media, Inc., a Lake Forest, CA-based fabless semiconductor company supplying products to the mobile broadcast media industry, completed its $15m Series D financing
The round was led by Pinnacle Ventures with participation from previous investors Benchmark Capital, Venrock, Global Catalyst Partners, Oak Investment Partners and DAG
The new capital will be used to finance working capital as the company ramps 65 nanometer ICs into mass production. 
Founded in 2005, Newport Media specializes in developing and selling system semiconductor solutions for all major mobile TV standards, including DVB-T/H, ISDB-T, FLO and CMMB. 

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