Cisco leads funding round for Celeno Communications
Cisco announced that it led a $16 million Series C investment round for Celeno Communications, a provider of semiconductors for multimedia Wi-Fi home networking applications.
The investment is intended to help the company increase its sales and marketing activities, as well as to enhance next-generation product development activities, Celeno said.
Miven Venture Partners and the company's previous investors – Greylock Partners and Pitango Venture Capital – also participated in the round. According to Celeno, the total investment in the 3-year-old company now exceeds $30 million.
Celeno's high-performance, standards-based Wi-Fi System-on-a-Chip (SoC) enables robust, whole-home multimedia and entertainment distribution over wireless home networks. Celeno's silicon solution enables applications such as IPTV streaming, multi-room digital video recorder (DVR) content distribution and marrying the PC network with multiple TV screens – with full-home coverage and no new wires, according to the company.
Celeno said that its technology can boost standard Wi-Fi performance to enable the distribution of multiple, flicker-free high-definition (HD) video streams throughout the home. It can also achieve improvements of up to 10 times the range, and as much as twice the throughput of 802.11n draft 2.0 solutions.
"We are delighted to have Cisco as an investor," said Gilad Rozen, CEO of Celeno. "Cisco's expertise in home networking and video distribution brings complementary skills to address service providers' and consumers' needs for robust, carrier-grade IP video distribution solutions in the home.”
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