Tuesday, July 14, 2009

AMIMON Secures $10 Million for Round D

SANTA CLARA, CA--(Marketwire - July 14, 2009) - AMIMON Inc., the market leader in wireless HD semiconductor solutions, today announced that it has raised $10 million in its latest round of funding. Led by Stata Venture Partners, this series D round of financing included all significant investors from prior rounds, in particular: Argonaut Private Equity, Cedar Fund, Evergreen Venture Partners, Walden Israel and Motorola through their strategic venture capital, Motorola Ventures.

AMIMON's chipsets have been shipping in volume embedded in wireless HDTVs and video accessories by leading TV OEMs selling AMIMON-based products in the US, Europe and Japan. AMIMON's wireless technology has also enabled breakthrough products in the medical imaging and professional video markets. Applying unique smart algorithms originating from Information Theory foundations: AMIMON's strong technical team has already developed and successfully launched six different chips with its prior funding. Engineering strengths coupled with a high-level of execution allowed for effective and efficient use of capital.

Earlier this year AMIMON announced its second generation chipset designed for the WHDI™ (Wireless Home Digital Interface™) standard. It's the world's only chipset capable of wirelessly delivering full uncompressed 1080p/60Hz HD content throughout the entire home. WHDI chipsets will be integrated into wireless HDTV products and other WHDI devices from leading CE manufacturers.

"We are experiencing strong acceptance of our newly introduced 1080p/60Hz chipset; the additional funding will allow Amimon to seize this opportunity to solidify our leadership position," said Dr. Yoav Nissan-Cohen, chairman and CEO of AMIMON. "We will use this round of funding to enhance production and expand our worldwide operations to meet growing global demand for our technology in the consumer electronics market as well as the medical and professional video markets."

"We are impressed with Amimon's efficient use of capital to develop products that work in the real world," said Lee Barbieri, Managing Partner of Stata Ventures. "It's clear by the industry's adoption, AMIMON offers a superior technology and this investment reaffirms our strong belief and increased confidence in AMIMON's technology."

"The investment in AMIMON reflects Motorola's continued support for the company and the WHDI standard," said Paul Moroney, Motorola Fellow, CTO Office, Motorola Home and Networks Mobility. "This investment will help accelerate mass market adoption of WHDI as the standard for wireless HD connectivity to the display."

AMIMON is a fabless semiconductor company pioneering wireless uncompressed high-definition video for universal connectivity among CE video devices. AMIMON is a founding member of the WHDI™ (Wireless Home Digital Interface) SIG formed by leading CE companies to define a new industry standard for multi-room wireless HDTV connectivity.
AMIMON is headquartered in Herzlia, Israel, with offices in Santa Clara, Calif., USA; Tokyo, Japan; and Seoul, Korea. More information is available at www.amimon.com and www.whdi.org.

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