Israeli Celeno raises $38 million

7 September, 2016

Finally, a chip related funding round. The Israeli Wi-Fi chip producer’s imoressive funding round will finance the companies planned expansion in the global market, as well as to recruit employees for its R&D division

Finally, a chip related funding round. The Israeli Wi-Fi chip producer’s imoressive funding round will finance the companies planned expansion in the global market, as well as to recruit employees for its R&D divisionCELENO

Ra’anana, Israel based Semiconductors Company Celeno completed a $38 million funding round. Red Dot Capital Partners, a capital fund backed by Singapore-based investment company Temasek focused on growth-stage investments. Some new investors joined the funding round, including: Poalim Capital Markets, the investment arm of Bank HaPoalim, the largest financial banking group in Israel, and OurCrowd. Existing investors including Liberty Global, Cisco, Pitango, 83North (formerly Greylock IL), Vintage and Miven also participated in the round. Zvika Naggan, Managing Partner at Red Dot has joined Celeno’s Board of Directors.

Celeno develops and produces chips for home Wi-Fi multimedia applications in HD quality. The company’s Wi-Fi enable high quality streaming of video feeds to several devices simultaneously: cable box, pc’s. Tablets, smart TV sets, DVR’s and WI-FI media centers. Celeno’s chips and software technology have been integrated into numerous OEM Wi-Fi devices and have been deployed in tens of millions of homes around the world by as many as100 leading service providers worldwide.

The company was founded in 2005 by CEO Gilad Rozen. It currently employs some 120 workers, 85 of which in the company’s Ra’anana headquarters. Celeno has US, European and Asian offices. The company is currently expanding, planning the recruitment of some 20 additional employees in fields such as RT, VLSI, DSP and product management.

Founder and CEO Gilad Rozen
Founder and CEO Gilad Rozen

“With this significant new investment round, combined with the calibre of investors backing us, we are able to continue executing our strategy, building a world class global company that will bring value to investors and shape the industry as a market leader,” says Gilad Rozen, CEO of Celeno. “With this new round we have taken Celeno to the next level and are able to further accelerate our growth and expansion in the market as well as focus on enhancing R&D efforts and further developing our disruptive solutions.”

“Celeno has made the crucial transition from an innovative, disruptive start-up to a global player alongside some of the Wi-Fi semiconductor industry’s largest players and the solution of choice for many of the most important global service providers,” says Mr. Naggan. “The growth and worldwide market presence that Celeno has established over time is remarkable, and a testament to their approach and the quality of their products. Celeno’s track record speaks for itself and Red Dot is excited to join the company as it grows and establishes itself as a formidable player in this space.”

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Posted in: News , Semiconductors , Wireless

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