Israeli Chip Company Raises $7M

Israel-based Valens Semiconductor Ltd., a chip developer for audio and video in a home networking equipment, raised a $7 million Series A round of fund. Genesis Partners led the round and was joined by Magma Venture Partners also participated in the round. Dr. Eyal Kishon of Genesis Partners and Eitan Dekel of Magma Venture Partners will join the company's board. www.valens-semi.com