Press Releases

Qpixel Technology Raises $25 Million in Second Round Funding; Private Equity and Venture Captial Firms Invest in Innovative Video Compression Chip Technology Company

• June 14, 2006 08:03 AM US Pacific Timezone, Business Wire

CUPERTINO, Calif.--(BUSINESS WIRE)--June 14, 2006--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 Bandel Carano, the financing comes from a combination of sources including Oak Investment Partners, Technology Associates Management Company (TAMC), 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, 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 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

Qpixel Technology, an innovator in video compression silicon and software solutions, specializes in digital consumer applications that balance superior video quality with extended hours of portable operation at mass market prices. The first to ship H.264 Main Profile (MP) encoder technology in Oct. 2005, Qpixel’s highly integrated, low power family of QL200 codecs offer advanced algorithms and rich features that slash bandwidth and storage requirements in digital audio/video consumer appliances such as digital video camcorders and cameras, IP set-top boxes and remote monitoring devices. Qpixel accelerates OEM time-to-production through its flexible architecture and advanced silicon design methodology that simulates target applications at the system level.  This sets Qpixel apart from the competition and allows its OEM and service provider customers to offer new next-generation features and value-added services.

Qpixel is a fabless semiconductor designer and manufacturer with a U.S. office in Cupertino, Calif. and worldwide engineering and sales offices in Taiwan and Japan.  For more information about Qpixel Technology visit www.qpixeltech.com. For sales information call 408-252-0475 or email salesinfo@qpixeltech.com.

 

Press Contacts:

Jody Privette                                          
Strategic Communications                                           
(415) 328-4700                                           
jprivette@strategiccom.biz          

Deborah Paquin                                          
Strategic Communications                                           
(916) 984-1921                                           
debpaquin@strategiccom.biz   

 

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