Thursday, May 21, 2009

Quartics Raises $13.3M

Irvine-based Quartics, the digital media processing chip firm headed by former AST founder Safi Qureshey, has raised $13.3M as part of an ongoing, $21.7M fundraising, according to a regulatory filing from the firm. Details on the new funding have not yet been released by the firm. According to the filing, the equity raise occured on May 8th. Quartics has previously raised capital from Enterprise Partners, Focus Ventures, Foundation Capital, Globespan Capital Partners, and Integral Capital Partners. Quartics is developing chips which provide media co-processing, including encoding and decoding video and other related functions. More information »

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