Mirics Semiconductor has secured $7m of financing from its existing investor team of Acacia Capital Partners, Intel Capital and Pond Venture Partners.
This latest funding will be used to expand commercial activities for the RF silicon and software developer.
It will also allow the Hampshire-based fabless start-up to bring forward software introductions in its Mirics FlexiTV product line, which is a software based broadcast TV and radio receiver platform for notebook computers and portable media players (PMPs).
“The commercial progress that Mirics has made since the product launch has prompted significant expansion of our commercial team in the US and Asia, to support our rapidly growing customer base,” said Mirics CEO, Simon Atkinson.
“This additional funding will enable Mirics to meet the customer demand for FlexiTV and also support product portfolio expansion to address newly identified market segments,” said Atkinsion.
According to Marcos Battisti, mobility sector director at Intel Capital: “With FlexiTV, Mirics has demonstrated the commercial viability of a true universal broadcast receiver for portable processor-based platforms. The industry response to FlexiTV has been extremely positive, and the investors were keen to ensure Mirics had the long-term financial security to aggressively grow the commercial team and product portfolio to support customer demand.”