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
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