Siano Mobile Silicon, which supplies Mobile TV receiver chips, has completed a $23.5 million (14.6 million) fourth round of funding. The round consists exclusively of all of Sianos existing investors: JVP, DFJ-Tamir-Fishman, Star Ventures, Walden Israel, and Bessemer Venture Partners.
Founded in late 2004, Siano develops and markets semiconductor chips for reception of digital TV on mobile, portable and hand-held devices. Sianos chips enable high-performance, fast time-to-market Mobile TV in emerging markets such as China, Brazil and Europe.
Coming out of the global financial crisis around mid 2009, it was clear that the mobile DTV market has shifted gear, says Erel Margalit, Chairman of Siano and Managing Partner of JVP. From China and Brazil to Russia and Korea, the demand for Sianos products has risen at a phenomenal rate, and the investors are happy to provide the company with the proper financial instruments to maximize its growth. Given its proven technology leadership and management skills, we view Siano as a company well capable of becoming a leading semiconductor supplier in the global wireless and media markets. 
