Miven Venture Partners Makes Strategic Investment in Tzero.Venture Capital Firm Backs Ultra Wideband; General Partner and Linksys Co-Founder Victor Tsao to Advise the Innovative Wireless Supplier SUNNYVALE, Calif. -- Tzero Technologies, the leading innovator in ultra wideband (UWB (Ultra-WideBand) A wireless technology that uses less power and provides higher speed than 802.11 Wi-Fi networks or first-generation Bluetooth products. UWB is expected to provide wireless video transmission for home theater systems, cable TV, auto safety and ) wireless technology, today announced that Miven Venture Partners has made a strategic investment in the company. This investment, which is an extension of the Tzero's Series B private equity funding Equity funding An investment consisting of a life insurance policy and a mutual fund. The insurance policy is paid by the collateral value of fund shares, giving the investor the advantages of insurance protection with the growth potential of a mutual fund. round, is the ninth strategic investment by Miven, and will be used to expand business opportunities and bring new products to market. The company also announced that Victor Tsao, the founding general partner of Miven Venture Partners, Linksys co-founder and senior vice president of Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , will act as an advisor to the company. Miven Venture Partners joins existing investors in Tzero including August Capital, Lightspeed Venture Partners, OVP OVP Originalverpackt (German: original packaging) OVP Over Voltage Protection OVP Ostvorpommern (German number plate area code) OVP Originalverpackung (German) , USVP USVP United States Venture Partners and VentureTech Alliance. "Consumer electronics manufacturers want UWB because it provides the bandwidth necessary for wireless distribution of high-definition video This article is about high-definition video technology. For television systems, see High-definition television. For the tape format, see HDV. For compression and prerecorded media, see High-definition pre-recorded media and compression. ; service providers want UWB as a critical component in their IPTV (Internet Protocol TV) Also called "TV over IP," IPTV delivers scheduled TV programs and video-on-demand (VOD) via the IP protocol and digital streaming techniques used to watch video on the Internet. and video on demand solutions; and consumers need UWB because it eliminates the need to run expensive and cumbersome cables to their beautiful flat panel TVs," said Victor Tsao, founding general partner of Miven Venture Partners. "Ultra wideband is the future of wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. and only Tzero has a market-ready solution," said Jawad Ansari, founding general partner of Miven Venture Partners. Tzero is the leading supplier of UWB solutions including those for wireless video applications. The company's advanced technology can connect a range of A/V (1) (Audio/Video) Refers to equipment and applications that deal with sound and sight. The A/V world includes microphones, tape recorders, audio mixers, still and video cameras, film projectors, slide projectors, VCRs, CD and DVD players/recorders, amplifiers and components - displays, set-top boxes, digital video recorders, media center PCs, residential gateways and more - wirelessly while delivering the same quality as wired products. Unlike proprietary offerings, Tzero's platform is based on standards from the WiMedia Alliance and is guaranteed to coexist with other WiMedia-compliant devices. It's also immune to interference from other wireless networks and household appliances for outstanding quality of service. "Miven's investment will allow us to continue building market momentum for ultra wideband and Tzero solutions," said Mike Gulett, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Tzero. "In addition, Victor Tsao brings a broad range of experience to the company, having grown Linksys from startup to wireless networking powerhouse. His advice and counsel will be invaluable as we drive to accelerate our growth and market leadership." About Miven Venture Partners Miven Venture Partners is a multi-stage venture capital firm founded in 2005 by Victor Tsao and Jawad Ansari. Tsao, the co-founder of Linksys, a division of Cisco Systems Inc., and senior vice president of Cisco Systems, and Ansari, founder of Corporate Metrix, bring expertise to the management team. Miven is ardently focused on finding innovative entrepreneurs in China, India and the United States, concentrating mainly on information technology, consumer opportunities (devices, software, silicon, Web), converged media, and entertainment and wireless opportunities. About Tzero Technologies, Inc. Tzero Technologies is the leader in wireless video. The company's advanced ultra wideband technology can connect a range of A/V components - displays, set-top boxes, digital video recorders and more - without cabling throughout the home. Founded in 2003, Tzero is backed by tier-one venture partners, including August Capital, Lightspeed Venture Partners, Miven Venture Partners, OVP, USVP and VentureTech Alliance. Tzero is headquartered in Sunnyvale, Calif. For more information, visit Tzero online at www.tzerotech.com. |
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