Valens, a Hod Hasharon, Israel-based provider of semiconductor products for the distribution of ultra-high-definition (HD) multimedia content, secured an additional $60m in equity funding.
The round was led by Israel Growth Partners (IGP), with participation from Delphi, Samsung Catalyst Fund, Goldman Sachs and MediaTek and existing investors. As part of this round, Moshe Lichtman, co-founder and General Partner of IGP will join Valens’ Board of Directors.
The company intends to use the funds to speed up time to market, develop additional products per market demands and support customers with design and development projects.
Established in 2006 by Dror Jerushalmi, CEO, Valens provides semiconductor products for the distribution of ultra-high-definition (HD) multimedia content. The company’s HDBaseT automotive technology – introduced in 2016 – addresses the challenges of the connected car, including the increasing amount of bandwidth and wiring necessary to cater to infotainment and Advanced Driver Assistance Systems (ADAS) needs by enabling long-reach connectivity of devices over a single cable.