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December 20, 2006

Intellon raises $18m from Intel, Motorola, Samsung

Ocala, Florida-based Intellon said it would use the funds to roll out its HomePlug AV chips globally.

By CBR Staff Writer

Its existing line of HomePlug 1.0 ICs are already being used on six continents for broadband-over-powerline, home networking, IPTV distribution, and commercial applications. The new AV products will enable high-def video and digital audio of existing electrical wiring and coaxial cable throughout a building.

With Intellon’s release of the industry’s first HomePlug AV-based ICs, we look forward to evaluating opportunities for exciting new CE-class products in the future, said Samsung Ventures managing director Jay Eum, in a statement.

Intellon was founded in 1989 and has offices in San Jose, California and Toronto, Canada.

Other existing investors include Goldman Sachs, which led the round, as well as BCE Capital, Duchossois Technology Partners, EnerTech Capital; Fidelity Ventures, Liberty Associated Partners, TL Ventures, and UMC Capital.

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