Cisco has shelled out some more cash in the home networking market, this time a strategic investment in Celeno, a maker of semiconductors for multimedia Wi-Fi home networking applications. The Israeli company announced it has closed a $16 million Series C investment led by the networking giant.
This is the blurb about Celeno on Cisco’s press release:
Celeno’s high-performance, standards-based WiFi System on a Chip enables robust, whole-home multimedia and entertainment distribution over wireless home networks. 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.
Last week, Cisco purchased Pure Networks, a Seattle-based provider of home networking-management software and tools.
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