Newport Media Raises $15 Million
Posted on: February 25, 2010 by PEHub AdministratorNo Comments »
Newport Media Inc., a Lake Forrest, Calif.-based fabless semiconductor company supplying products to the mobile broadcast media market, has raised $15 million in Series D funding. Pinnacle Ventures led the round, and was joined by return backers Benchmark Capital, Venrock, Global Catalyst Partners, Oak Investment Partners and DAG Ventures. The company previously raised more than $66 million in venture capital since its 2005 inception.
