Frontier Silicon has secured an investment of £16million in its latest financing round led by new investor Mitsui Private Equity.
According to Frontier Silicon’s CEO, Anthony Sethill: “This investment is a confirmation of our strategy. Our multi-standard approach to mobile TV, with its flexible software defined radio architecture, is being seen by the industry as the only cost effective solution to the increasingly fragmenting market."
Frontier Silicon said it has shipped over one million ICs for mobile TV enabled cellular handsets and possesses a portfolio of solutions supporting multiple standards including DVB-H, T-DMB and DAB-IP.
The company also has over 70 per cent of the DAB receiver market and has recently launched a new mass market WiFi radio receiver which adds Internet radio and network audio streaming capability to mass market audio products.
"We are also very confident about our new WiFi radio solution which is helping to create a new segment in the digital audio market; one that is predicted to boom over the coming few years,” said Sethill.
Alongside additional new investors Cheyne Capital Management and Plutus Capital Management, the round was supported by existing investors Apax Partners, GLG Partners, ACT Venture Capital, Alta Berkeley and BlueRun Ventures. The new investment will boost Frontier Silicon’s aggressive roadmap of semiconductor solutions for mobile TV and digital audio products.