|[April 30, 2012]
CrestaTech Secures $13M to Develop Smart Tuners for TV and Mobile Devices
SANTA CLARA, Calif. --(Business Wire)--
today announced it has secured a $13 million round of funding. The
investment will be used to accelerate development of Smart Tuner™ ICs
for the fast-growing market of Smart TV devices. The investment was led
by Bechtolsheim Ventures, Benhamou Global Ventures, Sofinnova Ventures
and AVM Capital LP.
"This new funding round enables us to deliver a next-generation global
Smart TV platform with several new Smart Tuner™ product releases this
year," said George Haber, CEO of CrestaTech. "Our products enable a
single global platform for the TV of the future that is adaptable to
support the cloud services, applications and feature sets found in
Originally pioneered and marketed under the Xceive brand, the CrestaTech
patented Smart Tuner™ architecture features a RF tuner and a
programmable DSP. A variety of leading flat panel TV makers have adopted
Xceive Smart Tuners™ and have led the trend towards the elimination of
bulky mechanical CAN tuners of the past.
"The flexibility and customization aspects of our silicon tuner ICs have
resonated with manufacturers who are globally deploying the technology
in high performance TVs," said Mathew Lewis, CFO of CrestaTech. "This
new investment will allow us to further penetrate the TV market with
even higher levels of performance, integration, ease of use and
By investing in the Smart TunerTM product line and leveraging
CrestaTV programmable broadband technology, CrestaTech is well
positioned to further penetrate the 500 million unit TV/STB market and
expand into smart devices like smartphones, tablets and media players.
For more information about Smart Tuner™ ICs, CrestaTV and how CrestaTech
enables the global TV platform, contact email@example.com.
Located in Silicon Valley, CrestaTech (www.crestatech.com)
is a wireless systems company that combines precision RF IC engineering
with digital signal processing techniques to enable region-free TV
reception on any device. Such techniques are dubbed "programmable
broadband" and found in CrestaTech Smart Tuner™ ICs and CrestaTV
solutions. Today, CrestaTech ICs and software can be found in many of
the world's leading flat panel TV brands and will soon be found in a
variety of mobile devices including notebooks, tablets, smartphones and
CrestaTech, CrestaTV, Xceive and Smart Tuner are trademarks for
registered trademarks of Cresta Technology Corporation.
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