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CIC leads BroadLogic's $17M round of funding

Mon, 06/18/2007 - 6:55am
Traci Patterson, CED

BroadLogic Network Technologies has completed a $17 million round of financing, led by Comcast Interactive Capital (CIC), bringing BroadLogic's total funding to $49 million.

Existing investors (Time Warner Investments, Rho Ventures, Cisco, Levensohn Venture Partners, Walden International, Presidio and Intel) also participated in the round, joined by newbie Advance/Newhouse.

BroadLogic designs video-processing mixed signal semiconductors, enabling operators to offer VOD, high-speed data, and digital video and voice services.

The company's BL80000 TeraPIX chip, a multichannel video processor, can decode dozens of digital video streams and generate a full analog and digital service tier, including an 80-plus channel lineup. The BL12000, a wideband receiver, can simultaneously tune and demodulate up to 16 6MHz channels, or 12 8MHz channels.

"We see some new applicability for these technologies that BroadLogic has developed, and these new applications really coincide with the roadmap that cable operators are thinking of-this desire to have more bandwidth because of competitive forces in the cable industry," said Louis Toth, CIC's managing director.

CIC has also joined BroadLogic's board of directors. Other recent CIC investments, which haven't been announced yet, relate to the mobile video, multiplatform gaming, open source router and 4G spaces, Toth said.

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