Fresco Microchip Secures $9M In Series C Funding

BY: 

Dave Forde
June 29, 2011

Fresco Microchip Inc., a developer of RF, mixed-signal and digital signal processing chips for TVs, announced yesterday that it has secured $9 million in series C funding from the Ontario Venture Capital Fund (OVCF) and previous Fresco investors Celtic House Venture Partners and Ventures West.

The funs will be used to help commercialize its expanded product portfolio and to augment its ability to serve customer demand in emerging markets.

Fresco has grown rapidly over the past 18 months by swimming against the current, going after analog TV and hybrid [analog/digital] TV markets at a time when many suppliers are winding down production and engineering resources for analog TV. In March, Fresco launched the FM1062 analog demodulator for silicon tuners, saying the demand for analog-only television remains strong in emerging markets around the world. Fresco also recently launched a family of silicon tuner products that it says reduce design complexity and system cost.

 

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Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


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