Israeli startup Siano Mobile Silicon, a developer of mobile digital TV receiver chips, has just raised a $20 million in funding led by Jerusalem Venture Partners. This brings the startup’s total funding to $95.5 million.
Founded in late 2004, Siano develops and markets silicon semiconductor chips for reception of digital TV on mobile, portable and hand-held devices. The company’s chips are mainly used for the implementation of mobile TV in emerging markets such as China, Brazil and Europe. In fact, Siano says it has a 50 percent market share in China and Latin America for its chipsets that allow the reception of TV on mobile devices. The company supplies its chips to Samsung, Motorola, ZTE, Huawei, Mio, Garmin, Dell and others.
The new funding will be to expand its product to the North American mobile market. The company just raised $23.5 million in funding a year ago.