Zenverge raises a new VC funding round

Bangalore: Zenverge, a Cupertino, California-based a fabless semiconductor company has raised an undisclosed amount of new VC (venture capital) funding. This financing round also included the return backers - DCM, Motorola Ventures and Norwest Venture Partners.

According to the company, the financing will support production of a family of single-chip media ICs based on the Zenverge Entertainment Nexus (ZEN), a new architecture for digital HD convergence. "With this funding, Zenverge has launched the industry's most powerful media ICs, enabling operators and manufacturers to monetize many new applications and services at reduced system cost," said Amir Mobini, Chief Executive Officer and Co-founder of Zenverge. "We're excited about working with our partners to enable a true 'anywhere, anytime, any device' experience for consumers." Raghu Rao is the Vice President, Worldwide Sales of the company. 

Founded in 2005, Zenverge's media ICs support transcoding, decoding and encoding of multiple formats at up to four times HD performance or for up to four simultaneous HD streams. Zenverge ICs are being incorporated into HDTVs, Blu-ray/DVD players and recorders, set-tops, media gateways, portable device adapters, PCs and professional/network video equipment.

"At Motorola, we aim to accelerate the delivery of personal media experiences so people can access, share and enjoy multi-media anywhere, both at home and on the go," said Reese Schroeder, Managing Director, Motorola Ventures. "Zenverge is implementing the critical technology that will provide consumer access to HD media content at each point in the converged digital video chain."