Electronics Production |
Newnham raises fundings
Network graphic chip Specialist Newnham has raised $13.25 million in a series B funding round.
The new fundings will be used to expand Newnham's international operations and target new applications for its patented NIVO (Network In – Video Out).
“With the increasing availability of low-cost digital displays, the emphasis is moving from how we process data to how we view it. Advances in network display connectivity will overtake processors as the main driving force for growth in the computing industry over the next 10 years. Newnham's NIVO technology is exceptionally well suited to become the de facto standard for wired and wireless networked displays”, Hamid Farzaneh, Newnham President and CEO said.
The company also announced that Alan Duncan, Partner at Esprit Capital Partners, and David Mooring, former president of Rambus Inc. and a Newnham investor, have joined the company's board as directors.
