GEO Semiconductor Raises over $1M in Debt and Equity Funding

GEO Semiconductor Inc., a Santa Clara, California-based provider of high performance, programmable 2/3D video and geometric pixel processor IC solutions for multiple markets, raised over $1m in funding comprised of convertible debt and equity.
In September 2010, GEO had already received a $2m financing.
The company intends to utilize the funds to support multiple new design wins for applications in LED backlighting for LCD flat panel displays, smartphone cameras, video conferencing, surveillance, laser 3D TV, digital cinema, medical displays, broadcast and 2D/3D projection. GEO also plans to initiate series B financing efforts to fund the next generation of products.
Led by Chairman and CEO Paul Russo, the company has two platform technologies that enable new products and features, at resolutions of 1080P and beyond. They include Realta (real-time processing of HD video 2/3D algorithms in software) and eWarp (that allows the trade-offs between optical systems and pixel processing, enabling the de-warping of multi-camera capture systems, making possible low-cost correction of LED-backlit LCD display color and brightness uniformity, and correcting the entire optical path in smartphone cameras).
GEO ICs are currently used in such markets as 2 and 4 megapixel Medical LCD Displays, Dynamic Signage, Broadcast, High-end BluRay DVDs and AVRs, Advanced Projectors, 3D Laser TV, Video Conferencing and Surveillance with global customers.
The company has offices in Toronto and Orlando, and sales channels around the world.

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