San Jose, Calif. - Broadband network chipmaker BroadLogic announced that it has raised $17 million in a new round of financing, led by Comcast Interactive Capital.

New investor Advance/Newhouse, and previous investors Time Warner Investments, Rho Ventures, Cisco, Levensohn Venture Partners, Walden International, Presidio and Intel also participated.

San Jose, Calif.-based BroadLogic's chips are used by broadband network operators like cable TV providers to enable video-on-demand, digital video, voice and high-speed data services.

The company will use the funds to accelerate product development and expand deployment of its products.

Related Links:
http://www.broadlogic.com/06152007press.htm

http://www.comcast.com