Silicon Hive raises round from Intel Capital for consumer electronics chips
Silicon Hive has raised $7 million in funding from Intel Capital and others to finance its business of making image and video processing chips.
The Eindhoven, Netherlands-based company designs HiveGo processors for a variety of portable consumer electronics devices. Other investors included New Venture Partners and TVM Capital. Silicon Hive also signed a deal with Intel, which may use Silicon Hive’s technology in Intel products.
Silicon Hive focuses on providing low-power, high performance processor designs for tasks such as communications, imaging and video processing. It licenses the designs to chip makers, who take them and put them into chips. The chips can be used in digital cameras, TV sets and a variety of handheld video devices. The HiveGo CSS 3016 chip can be used in a 16-megapixel DSLR camera.
The company was founded in 2003 and has 42 employees. It started within Philips Electronics’ technology incubator division. It was spun out in April 2007 as a separate company with $10 million in funding from TVM Capital and New Venture Partners. To date, the company has raised $17 million.
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About the Author, Dean Takahashi
Dean is lead writer for GamesBeat at VentureBeat. He covers video games, security, chips and a variety of other subjects. Dean previously worked at the San Jose Mercury News, the Wall Street Journal, the Red Herring, the Los Angeles Times, the Orange County Register and the Dallas Times Herald. He is the author of two books, Opening the Xbox and the Xbox 360 Uncloaked. Follow him on Twitter at @deantak, and follow VentureBeat on Twitter at @venturebeat.