Tuesday, March 17, 2009
BridgeCo Expands In Bangalore
Huntington Beach-based BridgeCo, a developer of semiconductors for the home entertainment equipment market, fresh off a $6M financing round, said it will use some of that funding to open up a new, research and development center in Bangalore, India. BridgeCo said that it will invest $2M of its recent round into financing the new R&D center, which will be staffed initially with 20 software engineers. BridgeCo develops semiconductors which can be used to stream music over Wi-Fi, Ethernet, USB, and other connections. The firm is venture backed by Advent Venture Partners, Balderton Capital, Cipio Partners, ETV Capital, Fidelity Ventures, Intel Capital and Wellington Partners.