Celeno Communications (News - Alert), a manufacturer and supplier of superior performance Wi-Fi chips, HD multimedia software and home networking applications, recently announced that it will soon expand its current technical and market position through the whopping funds worth $24 million received from its benefactors.
The funding comes from its new and existing investors namely Cisco (News - Alert), Greylock Partners, Liberty Global, Pitango Venture Capital and Vintage Investment Partners. The latest financial support adds to the company’s total subsidy of over $68 Million.
Celeno caters to the requirements of 75 telecommunication companies across the globe, such as Liberty Global (News - Alert), China Telecom, Cisco, Deutsche Telekom, Bouygues Telecom and UPC. Founded in 2005, Celeno boasts of $100 million in revenue and offices at multiple locations in Asia-Pacific, EMEA and the U.S.
According to the company, the funds will be used to swell its 802.11ac development program, its brilliant engineering teams and superior marketing and sales departments for supporting the bulging customer pipeline.
Gilad Rozen, the chief executive officer of Celeno, said in a statement, “The new subsidy arrives at a thrilling time, when our industry is progressing towards the new technology of 802.11ac. Our latest and superior Wi-Fi OptimizAIR technology will capitalize on the accelerating demands of the operators seeking to render premium quality video experience, and supersonic Wi-Fi speed to their consumers.”
The OptimizAIR technology from Celeno optimizes the standard Wi-Fi for offering top-notch video and data networking for the residential areas. The patented technology will enable the distribution of 1080p HD resolution video streams across eight mediums. The technology will operate processes like power adaptation and antenna selection for optimum output, channel-aware scheduling, low packet error rate, extended range, and rate selection.
This solution drastically favors the end consumers by delivering superior quality of HD performance across client’s Wi-Fi client devices and third-party vendors. The company hopes to revolutionize the video and TV viewing experience of the dwellers. The technology would allow people to distribute their HD videos to any screen wired on the home Wi-Fi network. It would include tablet computers, laptops, digital video recorders, set-top boxes, media streamers and wireless TVs.
Rozen further added that Celeno will prolong to expand its global footprint, by rendering excellent Wi-Fi networking technologies for homes, and thus guaranteeing an advanced HD quality in homes. The endowment is gripping evidence to our robust pipeline of premium operators and manufacturers and our market leadership on the planet.
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Edited by Rachel Ramsey