Wireless HDTV Company Raises $14 Million

A second round of private venture funding yielded $14 million for Amimon Inc., thus bringing the total investment to $21 million to include the sum raised in a previous round that took place in January 2005. Amimon plans to come out with a wireless video modem chipset for high-definition video streaming, which it expects to launch in the first quarter of 2007. Most of the recent investment came from Stata Venture Partners of Boston. According to Stata Ventures managing partner Lee Barbieri, the firm “decided to invest in Amimon due to the enormous market potential for its innovative technologies, its talented management team, its superior technology, and the significant traction it has made with major consumer electronics vendors.”
Via [eetimes.com]

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