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August 24, 2005

Intel and Motorola join $24.5m funding for Intellon

Broadband over powerline chip developer Intellon Corp has raised $24.5m in second-round funding from a prestigious list of investors that includes Intel and Motorola, and gives at indication of confidence in the future of this emerging technology.

By CBR Staff Writer

Ocala, Florida-based Intellon will use the funds to continue its growth and accelerate the deployment of its next-generation HomePlug AV compatible integrated circuits. It claims this will enable the distribution of high-definition video and digital audio over existing home electrical wiring and coaxial cable.

Europe is the initial target market for the new technology because consumers will be content with the single video feed that its 15-20 Mbps can offer. The company is now working on technology that will offer 50 Mbps that should be ready by January and will enable multiple high-definition IP video feeds.

The investment was led by BCE Capital, which is affiliated with Bell Canada, and was supported by Goldman, Sachs & Co, Intel Capital, and Motorola Ventures. They joined existing investors Comcast Interactive Capital, Duchossois TECnology Partners, EnerTech Capital, Fidelity Ventures, Hydro-Quebec CapiTech, Liberty Associated Partners, LP, Philips Venture Capital Fund, TL Ventures, and UMC Capital Corporation.

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