Sunnyvale, Calif. - Tzero Technologies, a developer of technology used in the wireless distribution of high definition video, said on Monday that it has raised $18 million in its third round of funding, led by the CID Group.

Previous investors August Capital, Lightspeed Venture Partners, OVP, U.S. Venture Partners and VentureTech Alliance also participated.

Rajeev Krishnamoorthy, the founder and CEO of Sunnyvale, Calif.-based Tzero, said that the company will use the funds to "expand its market presence, gain critical design wins across a broad spectrum of high-volume customers and bring the next-generation of products to market."

Related Links:
http://www.businesswire.com/news/home/20080303006285/en

http://www.tzerotech.com