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Vativ secures $11M investment, to launch video and networking devices

By agencies   |   Friday, 18 February 2005, 00:00 Hrs
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SAN DIEGO, CA:Vativ Technologies, Inc. today said it raised $11 million in second round of venture funding and will use the funds to develop and launch its high performance digital television products and its 10Gigabit Ethernet devices.

Vativ is a provider of DSP-based silicon solutions for high-bandwidth transport over copper. The company also said two new funds, InnoCal and Intel digital Home had invested in the Company.

Vativ President and CEO Sreen Raghavan said, "We are very pleased to have InnoCal and the Intel Digital Home Fund investing in Vativ's Series B funding. They are high-caliber investors with a solid track record of successful investments in the semiconductor industry. The additional capital raised in this round will enable us to accelerate our product roadmaps and expand our customer reach in the digital television and high-speed networking markets.’’

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