2011/08/15: C2 Microsystems Closes Investment Round To Accelerate Development Of Internet TV Products
Beijing, China and San Jose, California, August 15th, 2011 – C2 Microsystems, Inc announced today that it has completed a new round of investment to capitalize on its position as a leader in the development of consumer electronics devices for Internet TV delivery.
The investment round raises a total of USD 12.8M, of which USD 9.0M represents an investment by Solomon Systech (International) Limited, a new investor in the company. The remaining funds represent an increased commitment from C2’s existing investors.
“C2 is a pioneer in the development of Smart TV and internet-connected STB devices and systems”, said Dr Jinxiang (Gene) Liu, CEO of C2 Microsystems Inc. “The new investment by Solomon Systech and the increased investment by our existing investors is a validation of C2’s market and product vision. The investment will allow C2 to accelerate the introduction of innovative products to tap into the potential of this large and fast growing market.”
C2’s existing investors include Carmel Venture, Shenzhen Venture Capital, Future Motive Investments, CIVC and Estopia. Solomon Systech’s announcement in relation to this investment can be found at: http://www.solomon-systech.com/en/press/solomon-systech-invests-in-c2/.
About C2 Microsystems:
C2 Microsystems is a manufacturer of media processor devices designed for the broadband delivery of rich media content over the internet and private networks to Smart TVs, set-top boxes and other connected media devices. C2 Microsystems' products combine the ability to encode, decode and transcode a wide variety of media content types with high performance applications processing. C2 Microsystems has offices in Beijing, San Jose and Taipei.
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