Israeli firm Celeno Communications, a provider of high-performance Wi-Fi chipsets and software for HD multimedia and high-performance data home networking applications, has closed a new round of funding worth US$ 24mn.
The series E round of funding included existing investors Cisco, Liberty Global, Greylock Partners, and Pitango Venture Capital, and was joined by new investor Vintage Investment Partners. This latest round brings the company’s total funding to more than US$ 68mn.
The funding will be used to further expand Celeno’s 802.11ac development program, as well as increase its sales, marketing and engineering teams to support the company’s growing pipeline of customers throughout the world.
Celeno’s chips have been deployed with over 75 service providers worldwide, including leading providers such as Deutsche Telekom, Liberty Global, UPC,Bouygues Telecom and China Telecom.
Its OptimizAIR technology, which builds on and optimises standards-based Wi-Fi for data and video home networking, enables the seamless and reliable distribution of up to eight 1080p HD resolution video streams around the home, using channel-aware scheduling, rate selection, antenna selection and power adaptation for reliable throughput, extended range and low packet error rate.