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Monday, November 20, 2006
Newport Media Gets $30M
Lake Forest-based Newport Media, a developer of semiconductors for the mobile broadcast media market, said today that it has closed a $30M venture capital round from DAG Ventures. Existing investors Benchmark Capital, Global Catalyst Partners, Oak Investment Partners, Pinnacle Ventures, and Venrock Associates also participated in the Series C investment. The investment brings the firm's total raised to over $66M. Newport Media is developing system-on-a-chip semiconductors targeted at mobile and wireless television standards.
posted on Monday, November 20, 2006 (Link to more information)
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