LAS VEGAS, NV Motorola Ventures, Motorola Inc.'s investment arm, has made a strategic investment in CopperGate Communications, a Israeli-based supplier of chipset solutions for multimedia home networking.
The investment was made as part of a $14.5 million round led by new investor Carmel Ventures, with the participation of existing investors Tamir Fishman Ventures and the Challenge Fund.
"CopperGate's technology brings a compelling new approach to the distribution of IP video content seamlessly throughout the home by leveraging existing wires," said Matthew Growney, managing director of Motorola Ventures,in a statement. "CopperGate's offering complements Motorola's strategy to offer multiple home media networking solutions to its customers."
Motorola has been trying to penetrate the home networking market. Last August, the company made a strategic investment in Intellon Corp., which supplies HomePlug-compatible IC's for home networking, networked entertainment and connected powerline applications.
Making the jump from outdated legacy technology to a more modern digital infrastructure will allow businesses to innovate at the speed and scale needed in today’s marketplace.
The business world is speeding up. The longer IT leaders wait to get their needs met, the more at risk their businesses and their jobs will be.
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