Mobile TV chip maker Siano raises $24M

Israeli startup Siano, which makes tiny digital TV receiver chips for mobile devices, announced a $24 fourth round of funding from Siano’s existing investors[...]Israeli startup Siano, which makes tiny digital TV receiver chips for mobile devices, announced a $24 fourth round of funding from Siano’s existing investors: JVP, DFJ-Tamir-Fishman, Star Ventures, Walden Israel, and Bessemer Venture Partners. The same investors had participated in a $17.5 million round in August 2008. The new round brings Siano’s total fundraising to around $76 million. Siano chairman Erel Margalit said in a prepared statement that “Coming out of the global financial crisis around mid 2009, it was clear that the mobile DTV market has shifted gear.” Demand for mobile TV, he added, has been strong in the emerging BRIC market Brazil, Russian, India and China

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