Verizon joins Motorola Mobility Ventures, and Entropic Communications backing the fabless semiconductor company.
Verizon Investments, a subsidiary of Verizon Communications, has helped US-based fabless semiconductor company Zenverge raise a new round.
Zenverge said it would use the funds to accelerate the deployment of media and to accelerate its move towards higher performance and low cost products
Daniel Keoppel, executive director at Verizon Ventures, said: “As consumers seek new levels of access to broadcast and DVR content in the TV Everywhere eco-system. There is a great need for low cost, high performance transcode technology.”
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