Product category: Microprocessors, Microcontrollers and DSPs
News Release from: Alphamosaic
Edited by the Electronicstalk Editorial Team on 9 April 2004
Alphamosaic raises $9
million for expansion
Alphamosaic has successfully raised $9 million of working capital from its existing venture capital investors
Since the launch of its VideoCore technology in 2003, the company has seen a huge ramp-up in demand for its VC01 processor, evidenced by an announcement of a multi-million-dollar deal with global electronics company Samsung. Alphamosaic is working with a number of leading mobile phone manufacturers in the Far East and Europe, and a number of phone designs are scheduled for volume production this year as camera phones with multimedia and games become the fastest growing cellular market segment.
Related stories
Big claims for mobile multimedia processor
Having scored a world-first with VideoCore, Alphamosaic has launched the VC02, which it bills as the world's most advanced mobile multimedia processor
Handset features video-on-demand technology
VideoCore technology is being used to deliver advanced multimedia functions for the recently launched Samsung SCH-V450 mobile phone
The latest funding round was provided by existing investors Doughty Hanson Technology Ventures, Prelude Trust, ACT and TTP Ventures.
Commenting, Alphamosaic's CEO Jalal Bagherli says: "This is our second full year of trading and customer demand for our technology is growing month on month, as are our revenues.
This additional funding helps the company to strengthen its balance sheet and working capital position and to take advantage of the market upside opportunities".
Further reading
Multimedia core steps up a grade
Following the widespread adoption of VideoCore technology in mobile phone and portable multimedia product designs, Alphamosaic has developed the advanced VideoCore II processing engine
Soren Hein of Doughty Hanson Technology Ventures says: "Alphamosaic's solution to the industry's twin problems of battery life and image quality is gaining rapid acceptance among the company's global customer base".
"Alphamosaic is rapidly establishing itself as the industry benchmark in the delivery of multimedia processor technology".
As a leading video and multimedia solutions provider, Alphamosaic is developing a family of processors that make it easy to add video to mobile devices.
Markets serviced include mobile multimedia phones and other handheld consumer devices.
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