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Alphamosaic secures $12M in financing round

Posted: 23 May 2003 ?? ?Print Version ?Bookmark and Share

Keywords:alphamosaic? multimedia semiconductors? video? multimedia?

Alphamosaic Ltd, a manufacturer of semiconductors for video communications and multimedia applications, announced that they have secured $12 million in a Series B financing round. The company is currently engaged in a number of development relationships with leading mobile phone manufacturers worldwide.

The investment will be used to further fund the expansion of the product portfolio and its worldwide operations. Doughty Hanson Technology Ventures led the funding round. Existing investors Prelude, ACT, and TTP Ventures, all participated in the round as well.

Jalal Bagherli, Alphamosaic's CEO, said, "These additional funds will assist the company as we scale up to meet the demand for VC01 and our VideoCore processor."

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