SCHAUMBURG & CUPERTINO, USA: Motorola Inc., through its strategic investment arm, Motorola Ventures, announced that it has participated in financing for Zenverge, Inc., a leading developer of advanced media integrated circuits (ICs).
Other existing investors, DCM and Norwest Venture Partners, also provided funds. The financing will support production of a family of single-chip media ICs based on the Zenverge Entertainment Nexus (ZEN), a groundbreaking new architecture for digital HD convergence.
Zenverge's media ICs support transcoding, decoding and encoding of multiple formats at up to four times HD performance or for up to four simultaneous HD streams, far exceeding the capabilities of other media ICs today. Now shipping to qualified customers worldwide, Zenverge ICs are being incorporated into HDTVs, Blu-ray/DVD players and recorders, set-tops, media gateways, portable device adapters, PCs and professional/network video equipment.
"At Motorola, we aim to accelerate the delivery of personal media experiences so people can access, share and enjoy multi-media anywhere, both at home and on the go," said Reese Schroeder, managing director, Motorola Ventures. "Zenverge is implementing the critical technology that will provide consumer access to HD media content at each point in the converged digital video chain."
"With this funding, Zenverge has launched the industry's most powerful media ICs, enabling operators and manufacturers to monetize many new applications and services at reduced system cost," said Amir Mobini, chief executive officer and co-founder of Zenverge. "We're excited about working with our partners to enable a true 'anywhere, anytime, any device' experience for consumers."
Wednesday, February 10, 2010
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