Entropic Gets Urge For Zenverge - Multichannel

Entropic Gets Urge For Zenverge

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Entropic Communications, a developer of home networking silicon, invested $10 million in Zenverge, leading a $20.5 million fourth round of financing into the fabless semiconductor company that develops media processors to transcode HD video for multiple devices.

Zenverge's funding also included participation from new investors, the CID Group and Woodside Fund, as well as existing investors including DCM, Norwest Venture Partners (NVP), Motorola Mobility Ventures , and Battery Ventures.

Cupertino, Calif.-based Zenverge said that it will use the funds to develop solutions for the cable, telco and satellite markets with Entropic, which sells products for delivering data and HD video via the Multimedia over Coax Alliance (MoCA) specification.

Zenverge's family of integrated-circuit products feature the TransALL Transcode engine to let consumer-electronics devices deliver multiple video streams. Devices that use Zenverge products include HDTVs, Blu-ray recorders, set-top boxes, multimedia network-attached storage devices, headless gateways, media streamers and movers, portable device adapters, PCs and network video equipment.

With Entropic's funding, Zenverge appointed Entropic president and CEO Patrick Henry to its board of directors.

"We invested in Zenverge because the company possesses strong expertise in the development of key audio and video transcoding technologies that are required to take the television experience to new levels of anywhere, anytime and any device viewing," Henry said in a statement. "By aligning our core whole-home backbone distribution capabilities based on the MoCA standard with Zenverge technology, we envision new expansion and innovation opportunities in the connected home entertainment market."

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