WYPLAY Receives €4M
WYPLAY is a new actor in the battle for the living room. Wyplay has designed the most complete “Media Center” products on offer, with the most extended set of functionalities, at a very competitive price and simple end-user interface.
With its line of “Media Center” products, WYPLAY is addressing the digital home entertainment market valued in 2005 at $166 billion (BCC Research). This market is growing at an annual pace of 20%, animated by TV and PC convergence and boosted by the sales explosion of multimedia handheld devices and the increasing number of video on the internet and VoD offers.
“Satellite and terrestial operators have been challenged by ADSL operators which are looking for advanced and integrated products. Users want simple products and they want to renew their DVD-videotape-tuner equipment with an integrated and connected solution. WYPLAY has an excellent vision and a compelling roadmap of products, and that makes this investment a unique opportunity to establish an exciting and fast growing venture,” says Alain Rodermann, Partner at Paris-based Sofinnova Partners.
Sofinnova Ventures Inc.