DiBcom Raises €24.5M

DiBcom, a fabless semiconductor company specializing in chipsets for mobile TV, closes fourth round of funding with €24.5M

August 30, 2005

2 Min Read

PARIS -- DiBcom, a fabless semiconductor company specializing in chipsets for mobile TV, is pleased to announce the closing of its fourth round of financing for a total amount of EUR 24.5 million; the largest venture-backed financing for a French IT company in 2005. Five international investors have joined existing investors in the new capital round: Partech International which leads this round of investment, Intel Capital, 3i, WI Harper and UMC. This funding allows DiBcom to significantly expand its sales and marketing presence in Asia and the United States, as well as extend its mobile TV product roadmap.

Founded in June 2000 and headquartered in France, DiBcom designs and markets semiconductors for the reception of Digital Television in portable and mobile applications. DiBcom's technology has been used by a number of tier 1 customers in the automotive, notebook PC, cell phone, and portable media player (PMP) market segments, who leverage the superior performance, power and integration capabilities of DiBcom's products.

Digital Terrestrial TV has been launched across all European and Asian geographies that have adopted DVB-T as a standard for digitization of TV signals. Concurrently, with most broadcasters rapidly extending existing DVB-T infrastructure to deliver programming onto mobile phones and other hand-held devices, DiBcom has taken clear pole position in offering the highest performance DVB-H solutions to handset vendors worldwide.

"It's an exciting time in mobile communications and DVB-H is an important technology for the industry," stated Dr. Jon Peddie, President Jon Peddie Research, the leading market research firm in multimedia, based in Tiburon California. "The demonstration of DiBcom's chipset in a mobile phone is a major milestone and a clear indication that 2005 is shaping up to be the year of mobile TV."

Growth and Continued Technology Leadership

The main objective of the new funding round is to further accelerate DiBcom's growth strategy. To that end, the company has invested in Sales and Marketing as well as continued Research & Development, aimed at ubiquitous integration of DiBcom's technology into any type of device benefiting from mobile TV reception.

"DiBcom was the first company to target mobile-TV receivers using broadcasting technology, and introduced the first mobile DVB-T receiver back in 2002. With this clear technology lead and strong financial backing, we are confident DiBcom will further extend its position in the industry," says Yannick Lévy, CEO of DiBcom.

DiBcom

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