Analogix closes $10 million series B-3 funding

SANTA CLARA, USA: Analogix Semiconductor Inc., a leader in high performance digital multimedia interface solutions, has closed a $10 million Series B-3 venture capital funding round. The round was led by China-focused venture capital group Keytone Ventures. Major existing Analogix Semiconductor investors, including Woodside Fund, DCM, Globespan Capital Partners, and JAIC, participated.

With offices in Santa Clara, Shenzen, Beijing, Taipei, and Tokyo, Analogix Semiconductor has made a name for itself in the development of semiconductors for the digital multimedia market. “Ever since Analogix Semiconductor was founded in 2002, this company has developed innovative products in the market for high-performance semiconductors for digital multimedia,” says Dr. Kewei Yang, Chairman and CEO of Analogix Semiconductor.

Analogix Semiconductor was the first company to deliver DisplayPort technology and the first to market HDMI receivers and transmitters with a reach of 25 meters over low-cost cable. It was also the first company to introduce a discrete DisplayPort 1.1a transmitter certified by the Video Electronics Standards Association (VESA).

Dr. Yang adds: “Our recent product releases, such as this spring’s release of the ANX7150 CoolHD HDMI transmitter, position Analogix Semiconductor well for the future. We are excited to gain the financial support from leading venture capital firms in such a difficult economic environment. The executive team at Analogix Semiconductor is looking forward to working with Keytone Ventures and our other investors to continue to build a great company.”

As part of the financing, Stella Xi Jin, a partner with Keytone Ventures, is joining the Analogix Semiconductor board of directors as a new member. “I am very excited to join the board,” Ms. Jin says. “Analogix Semiconductor is widely regarded as an innovator in the HDMI and DisplayPort markets. I see a bright future for this company, and I’m happy to have the opportunity to help Analogix Semiconductor develop and grow.”