Monday, September 26, 2011

Entropic Boosts Zenverge

San Diego-based Entropic Communications has led a strategic investment in a developer of media encoding and decoding chips, Zenverge. According to Zenverge, which is based in Cupertino, it has raised $20.5M in a Series D funding, led by Entropic. The round also included CID Group, Woodside Fund, DCM, Norwest Venture Partners (NVP), Motorola Mobility Ventures, and Battery Ventures. Zenverge said that it would use the funding to develop unified solutions for the cable, telco and satellite markets with Entropic, along with other development efforts. More information »