Celeno gets $16 million Series C led by Cisco
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Celeno Communications Inc. has closed a strategic $16 million Series C investment led by Cisco. The cash infusion is intended to help the company scale up sales and marketing activities and enhance next generation product development activities. Miven Venture Partners and the company’s previous investors, Greylock Partners and Pitango Venture Capital, also participated in the oversubscribed round. Total investment in the three-year old company now exceeds $30 million.
Celeno is a maker of semiconductor for multimedia WiFi home networking applications. Celeno’s silicon solution enables applications such as IPTV streaming, multi-room DVR content distribution and marrying the PC network with multiple TV screens - with full home coverage and no new wires. WiFi silicon components for multimedia distribution are integrated in devices such as residential gateways, set top boxes and home routers and are expected to become the centerpiece of the next generation connected home. 
Celeno’s unique technology boosts standard WiFi performance to enable distribution of multiple flicker-free HD video streams throughout the house. It achieves improvements of up to 10 times the range and as much as twice the throughput of 802.11n draft 2.0 solutions.
“We are delighted to have Cisco as an investor,” said Gilad Rozen, CEO of Celeno: “Cisco’s expertise in home networking and video distribution brings complementary skills to address service providers’ and consumers’ needs for robust, carrier-grade IP video distribution solutions in the home. We look forward to a fruitful and lasting collaboration with our investment partners.”
