Valens is a fabless semiconductor company enabling simplified long-reach wired connectivity of uncompressed high-definition (HD) multimedia content.Valens' patent-pending HDBaseTTM technology is the first to enable long-reach wired connectivity of uncompressed HD multimedia content over a single standard Cat-5e/6 cable
At the 2009 International Consumer Electronics Show (CES), taking place January 8 - 11 in Las Vegas, Valens will introduce HDBaseT(TM) technology in South Hall 2, Booth 27006. Valens is working towards creating HDBaseT as the new digital connectivity standard for HD multimedia distribution by overcoming the limitations of current wired and wireless technologies, while ensuring content rights for Hollywood studios and other content providers.
Valens is headed by Dror Jerushalmi, who was previously Director of Business Development at Saifun (NASDAQ:SFUN), VP Marketing at Emblaze Semiconductors, and VP Business Development at Tioga. Valens' founding team also includes Eyal Massad and Eyran Lida, who were part of the founding team of Mysticom, a developer of high speed communication integrated circuits. Additional team members include former Mysticom and TranSwitch employees.
According to Dror Jerushalmi, CEO of Valens, "In addition to enabling the company to accelerate product development this investment represents a significant vote of confidence in the company's solution. Valens' product line meets an increasingly growing need in the consumer electronic market."
Dr. Eyal Kishon, Founder and Managing Partner of Genesis Partners, stated, "Genesis Partner has been following Valens' development since our early seed investment in company 6 months ago. Valens has assembled an exceptional team of entrepreneurs with a proven track record. The company is developing an innovative offering that addresses a growing market. We are very excited with this partnership and believe in the company's potential to become a dominant player in this market."
Eitan Dekel, a Partner at Magma, stated, "The high definition video technology space creates an environment for creativity and tremendous growth potential. Valens' experienced entrepreneurial team has the opportunity to penetrate this market with unique technology, and we are pleased to partner with them in order to realize this potential."
About Genesis
At the 2009 International Consumer Electronics Show (CES), taking place January 8 - 11 in Las Vegas, Valens will introduce HDBaseT(TM) technology in South Hall 2, Booth 27006. Valens is working towards creating HDBaseT as the new digital connectivity standard for HD multimedia distribution by overcoming the limitations of current wired and wireless technologies, while ensuring content rights for Hollywood studios and other content providers.
Valens is headed by Dror Jerushalmi, who was previously Director of Business Development at Saifun (NASDAQ:SFUN), VP Marketing at Emblaze Semiconductors, and VP Business Development at Tioga. Valens' founding team also includes Eyal Massad and Eyran Lida, who were part of the founding team of Mysticom, a developer of high speed communication integrated circuits. Additional team members include former Mysticom and TranSwitch employees.
According to Dror Jerushalmi, CEO of Valens, "In addition to enabling the company to accelerate product development this investment represents a significant vote of confidence in the company's solution. Valens' product line meets an increasingly growing need in the consumer electronic market."
Dr. Eyal Kishon, Founder and Managing Partner of Genesis Partners, stated, "Genesis Partner has been following Valens' development since our early seed investment in company 6 months ago. Valens has assembled an exceptional team of entrepreneurs with a proven track record. The company is developing an innovative offering that addresses a growing market. We are very excited with this partnership and believe in the company's potential to become a dominant player in this market."
Eitan Dekel, a Partner at Magma, stated, "The high definition video technology space creates an environment for creativity and tremendous growth potential. Valens' experienced entrepreneurial team has the opportunity to penetrate this market with unique technology, and we are pleased to partner with them in order to realize this potential."
About Genesis
PartnersGenesis Partners is a leading Israeli venture capital firm focused on early stage companies in the information and communication technology (ICT) sectors. Established in 1996, Genesis Partners manages over $500 million in capital commitments across three funds, and has made over 70 investments with 26 successful exits. Genesis Partners has strong ties to the Israeli entrepreneurial community and the global technology industry, and a strong team of venture professionals with extensive experience in venture capital, technology, operations and entrepreneurship. For more information, please visit www.genesispartners.com.
About Magma Venture Partners
About Magma Venture Partners
Magma Venture Partners is a venture capital fund specializing in Early Stage investments in the Israeli related communications and semiconductor industry, the largest sector within technological investments in Israel. Magma invests in fields such as: wireless networking, network infrastructure, communication technology semiconductors, security and data storage, and software applications. Magma Venture Partners currently manages US$180 Million in two funds, Magma I and II. Magma I was established in 1999 and raised 75 million dollars and Magma II was established in 2006 with US$ 105 Million. The Fund's four partners include: Yahal Zilka, Modi Rosen, Shraga Katz, and Eitan Dekel. For more information, please visit www.magmavc.com
About Valens Semiconductor
Valens Semiconductor, a fabless semiconductor company, enables the distribution of multimedia content in the high growth HD home entertainment market through HDBaseT(TM) technology. Valens' HDBaseT technology is the new digital connectivity enabling simplified long-reach wired connectivity and simultaneous distribution of uncompressed video, audio and Internet via a single LAN cable. Founded in 2006, Valens is a privately held company with financial backing from leading Israel-based venture capital firms Genesis Partners and Magma Venture Partners. The company has offices in Israel and Washington state, USA and representatives in Japan, Taiwan, China and Korea. For more information, please visit http://www.valens-semi.com/. Sales Contact:
Micha Risling
VP of Marketing
+ 972 (0) 9 7626900
Micha.risling@valens-semi.com
Media Contact:
Jennifer Hicks
ink Communications for Valens
+ 31 (0) 611 278 358
+1 617 959 7794 in North America
Jennifer@theinkstudio.com
About Valens Semiconductor
Valens Semiconductor, a fabless semiconductor company, enables the distribution of multimedia content in the high growth HD home entertainment market through HDBaseT(TM) technology. Valens' HDBaseT technology is the new digital connectivity enabling simplified long-reach wired connectivity and simultaneous distribution of uncompressed video, audio and Internet via a single LAN cable. Founded in 2006, Valens is a privately held company with financial backing from leading Israel-based venture capital firms Genesis Partners and Magma Venture Partners. The company has offices in Israel and Washington state, USA and representatives in Japan, Taiwan, China and Korea. For more information, please visit http://www.valens-semi.com/. Sales Contact:
Micha Risling
VP of Marketing
+ 972 (0) 9 7626900
Micha.risling@valens-semi.com
Media Contact:
Jennifer Hicks
ink Communications for Valens
+ 31 (0) 611 278 358
+1 617 959 7794 in North America
Jennifer@theinkstudio.com
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