Zenverge raises $30 Million in Series C Financing
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Bangalore: Zenverge, a developer of Advanced Media ICs, has closed a $30 million Series C round of financing. The funding is led by Battery Ventures along with the participation of DCM, Norwest Venture Partners (NVP) and Motorola Ventures. Zenverge also announced today the appointment of Ken Lawler, general partner at Battery Ventures, to its board of directors. Founded in 2005, the Cupertino-based Zenverge is a fabless semiconductor company devoted to accelerating consumer access to digital content and services. The company is a developer of Advanced Media ICs built around the patented ZEN architecture, a core technology for digital media devices. Based on the Zenverge Entertainment Nexus (ZEN), a new architecture for HD media convergence, the ZN200 and ZN100 product classes represent video quality and performance for media transcoding, encoding and decoding at the lowest system cost. Both classes of products are now shipping to select tier-one consumer electronics and operator equipment manufacturers worldwide, enabling them to provide consumers higher quality, universal access to all sources of content. Devices being powered by Zenverge products include HDTVs, Blu-ray recorders, set-top boxes, multimedia NAS devices, portable device adapters, PCs and network video equipment. "We're seeing great excitement around our ICs and the products into which they are designed. Digital media is being produced and consumed on more devices and at higher quality than ever before and we're at the heart of it all. This funding gives us the financial strength to support the explosive growth we anticipate over the coming months," said Zenverge CEO, Amir Mobini. Also, Raghu Rao is the Vice President, Worldwide Sales of the company. "Although bullish, we are very selective in our investments. But when you see a team and technology like Zenverge, you jump at it. Their architecture addresses the problems at the heart of video applications - storage and reformatting - giving consumers anytime, any device access to video content," said Ken Lawler, general partner, Battery Ventures.

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