Cupertino,
Calif. – Zenverge, a developer of
chips used in digital media devices, said on Thursday that it has raised $30
million in its third round of funding, led by Battery Ventures.
Previous
investors DCM, Norwest Venture Partners and Motorola Ventures also participated
in the round, which the company will use to ramp production and expand
marketing and development activities.
"This funding gives us the financial
strength to support the explosive growth we anticipate over the coming months,"
said CEO Amir Mobini.
Devices being powered by Cupertino, Calif.-based Zenverge’s
products include HDTVs, Blu-ray recorders, set-top boxes, multimedia NAS
devices, portable device adapters, PCs and network video equipment.
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