Israeli Wi-Fi chip, HD multimedia software and entertainment home networking applications manufacturer, Celeno Communications, has raised $24m in Series E funding, led by Vintage Investment Partners, with backing from US-based hardware company Cisco and US-based cable company Liberty Global.
Vintage specifically focus on investments within Israel. Vintage were joined in the E round by return backers Greylock Partners, and Pitango Venture Capital. This latest round brings the total raised by Celeno to more than $68m.
Celeno will use the funds raised to expand Celeno’s 802.11ac development programme. Chief Executive of Celeno, Gilad Rozen, commented “The new funding comes at an exciting time in our industry as we move toward 802.11ac, the standard set to drive faster Wi-Fi in the home,Celeno, with its superior video-grade Wi-Fi OptimizAIR™ technology, is ideally positioned to capitalize on the increasing requirement by carriers seeking to offer consumers the high-quality video experience they demand on multiple screens throughout the home.”
Since being founded in 2005, Celeno has raised $12m in Series D funding and $14.2m in Series B.