Qpixel Technology Raises $25 Million in Second Round Funding; Private Equity and Venture Capital Firms Invest in Innovative Video Compression Chip Technology Company.CUPERTINO, Calif. -- Qpixel Technology International, Inc., an innovator in advanced low-power digital video and audio encoder/decoder solutions, announced today that it has secured $25 million in its second round of investment funding. Led by venture capitalist Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. Bandel Carano, the financing comes from a combination of sources including Oak Investment Partners, Technology Associates Management Company (TAMC TAMC Tripler Army Medical Center TAMC Transportation Agency for Monterey County (California) TAMC Transgenic Animal Model Core (University of Michigan) TAMC Thai Asset Management Corp. ), Acorn Campus and iD SoftCapital Group. In conjunction with this investment, Brian Hinman will join Qpixel's board of directors representing Oak Investment Partners "As digital mobile entertainment applications drive a new wave of technology innovation, we have great interest in companies such as Qpixel, whose breakthrough low-power technology puts them at the forefront of this wave," said Bandel Carano, managing general partner at Oak Investment Partners. "With their technical expertise, management's proven track record and impressive accomplishments since the company's inception, Qpixel is well positioned to gain significant traction in their target markets." "We are pleased to have Oak Investment Partners join our roster of leading private investors," said Wen Hsu, chief executive officer of Qpixel. "We feel our initial investors' commitment in this new round is a strong indication of their confidence in what Qpixel brings to the market, our product roadmap and revenue outlook. With this infusion of capital, we are even better poised to expand our efforts in sales and marketing for greater market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" , as well as to accelerate our business and product development." About Oak Investment Partners Oak Investment Partners is a multi-stage venture capital firm with a total of $8.4 billion in committed capital. The primary investment focus is on high-growth opportunities in communications, information technology, Internet new media, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. information technology, healthcare services and consumer retail. During its 28-year history, Oak has achieved a strong track record as a stage-independent investor funding more than 435 companies at key points in their lifecycle. Oak has been involved in the formation of companies, funded spinouts of operating divisions and technology assets and provided growth equity to mid- and late-stage private businesses and to public companies through PIPE investments. For more information on Oak Investment Partners visit www.oakvc.com. For further information on the other investment firms named visit: TAMC, www.tamcfund.com; Acorn Campus, www.acorncampus.com; and iD SoftCapital Group, www.idsoftcapital.com. About Qpixel Technology Based in Cupertino, Calif., Qpixel Technology International, Inc. is a fabless semiconductor company A fabless semiconductor company specializes in the design and sale of hardware devices implemented on semiconductor chips. It achieves an advantage by outsourcing the fabrication of the devices to a specialized semiconductor manufacturer called a semiconductor foundry or "fab. that develops and markets low power, low latency Low latency allows human-unnoticeable delays between an input being processed and the corresponding output providing real time characteristics. This can be especially important for internet connections utilizing services such as online gaming and VOIP - VOIP is not as important as , high quality H.264-based video and audio encoder/decoder solutions for the digital consumer electronics and digital video communication industries. Qpixel Technology's patent-pending video compression Encoding digital video to take up less storage space and transmission bandwidth. See video codec and data compression. video compression - Compression of sequences of images. algorithms enable a highly optimized implementation of H.264 technology for subjective video quality Subjective video quality is a subjective characteristic of video quality. It is concerned with how video is perceived by a viewer and designates his or her opinion on a particular video sequence. enhancement and computational complexity computational complexity Inherent cost of solving a problem in large-scale scientific computation, measured by the number of operations required as well as the amount of memory used and the order in which it is used. reduction. Qpixel Technology's state-of-the-art products offer significant quality and cost advantages over existing products in the market. They are well-positioned to address the strict quality, performance, power-consumption and cost requirements of next-generation digital consumer products, such as digital camcorders, digital still cameras, set top boxes, video phones, 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 DVRs. For more information about Qpixel Technology visit www.qpixeltech.com. |
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