27 Sep 2012

Celeno Closes $24M Investment Round

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Ra’anana, Israel – September 27, 2012 - Celeno Communications, a leading provider of high-performance Wi-Fi chips and software for HD multimedia and high-performance data home networking applications, today announced that it has secured a $24 million series E round of funding. The over-subscribed round included existing investors Cisco, Liberty Global, Greylock Partners, and Pitango Venture Capital, and was joined by new investor Vintage Investment Partners. The latest round brings the company’s total funding to more than $68 million.

The funding will be used to further expand Celeno’s 802.11ac development program, as well as increase Celeno’s world-class sales, marketing and engineering teams to support the company’s growing pipeline of customers throughout the world. Celeno’s field-proven chips have been deployed with over 75 service providers worldwide, including leading providers such as Deutsche Telekom, LLiberty Global, UPC, Bouygues Telecom, and China Telecom.

“The new funding comes at an exciting time in our industry as we move toward 802.11ac, the standard set to drive faster Wi-Fi in the home,” said Gilad Rozen, CEO of Celeno. “Celeno, with its superior video-grade Wi-Fi OptimizAIR™ technology, is ideally positioned to capitalize on the increasing requirement by carriers seeking to offer consumers the high-quality video experience they demand on multiple screens throughout the home.”

“The funding is a compelling testament to our market leadership and our strong pipeline of leading service providers and manufacturers worldwide,” added Rozen. “Moving forward, Celeno will continue to increase its global footprint by offering outstanding Wi-Fi home networking technologies that ensure a superior quality of experience of HD video in the home.”

Celeno’s field-proven OptimizAIR™ technology, which builds on and optimizes standards-based Wi-Fi for best-in-class data and video home networking, enables the seamless and reliable distribution of up to eight 1080p HD resolution video streams. It includes channel-aware scheduling, rate selection, antenna selection and power adaptation for reliable throughput, extended range and low packet error rate. Celeno’s solution is client agnostic and delivers HD performance to any third-party Wi-Fi client devices. Celeno is helping to revolutionize home networks and enables them to distribute HD video content to any screen in the home wirelessly. This includes set-top boxes, tablet computers, wireless TVs, digital video recorders, media streamers, laptops, and other devices.