Tzero Technologies, a Sunnyvale, Calif.-based provider of ultra-wideband technology and wireless video products, has raised $18 million in third-round funding. CID Group led the round, and was joined by return backers August Capital, Lightspeed Venture Partners,
“Tzero's technology for wireless distribution of high definition video is the only solution that meets the performance requirements of the leading consumer electronics manufacturers,“ said David Yang, partner with the CID Group. “UWB is quickly gaining traction in the market as the standard for wireless video and Tzero is leading this ramp. We are excited to be part of the team that brings this product to the wireless digital media centered home market.“
“This round of funding will enable Tzero to expand its market presence, gain critical design wins across a broad spectrum of high-volume customers, and bring the next-generation of products to market,“ said Rajeev Krishnamoorthy, founder and CEO of Tzero. “The CID group's relationships and operational expertise are great assets for us, and we look forward to working closely together.“
About CID Group
Established in 1998, the CID Group is one of the fastest growing Asia-headquartered private equity firms. The CID Group focuses its investments in
About Tzero Technologies
Tzero Technologies is a fabless semiconductor provider of CMOS, high-performance Ultra Wideband chipsets. The company's wireless High Definition video distribution solutions are designed into display and A/V component products from top tier OEMs around the world. Founded in 2003, TZero is headquartered in
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