videantis Announces Completion of New Financing Round
New Financing Round Closed
Hannover, Germany (February 26th, 2013) - videantis GmbH (“videantis”), a leading provider of a unified platform solution for embedded multi-standard video, imaging and vision applications, announced today the completion of a new multi-million US-$ round of financing. The round was led by Hannover Beteiligungsfonds (HBF) under participation of a further set of institutional investors.
The new financing round provides capital for videantis to enter into the next phase of company growth with a particular focus on worldwide tier-1 customers. “Having proven the success of our programmable platform approach in the market with the first blue-chip licensees rolling out high volumes,” said Hans-Joachim Stolberg, CEO of videantis, “It is now an excellent time to further strengthen our team and accelerate the technical innovation to advance the market reach of our solutions with the help of the new funds.”
videantis provides a unified platform approach for video, imaging and vision applications with the best-in-class cost / performance ratio enabling up to a 50% cost reduction on silicon area for the same set of functions. Compared to traditional hardwired approaches, the videantis platform leads to additional cost savings and increased chip volumes for videantis’ customers through its programmable upgradeability after silicon fabrication, enabling functionality updates over product lifetime and avoiding the risk of missing critical features unforeseen at the time of product definition. The videantis platform solution is silicon-proven down to 40nm technology and has already been licensed by industry leaders such as Bosch for high-volume customer products.
“The videantis team has already demonstrated their ability to successfully deliver superior solutions to world-class customers,” stated Wolfgang Lubert, managing director of EnjoyVenture and manager of the Hannover Beteiligungsfonds , “Together with their innovative technology platform, this laid the foundation for our growth financing decision for this excellent opportunity.”
videantis GmbH, headquartered in Hannover, Germany, is a one-stop video IP and solution provider delivering flexible multi-standard HW/SW video, imaging and vision solutions for mobile, consumer, and automotive markets. Based on a unified processor platform approach that is licensed to chip manufacturers, videantis provides tailored solutions to meet the specific needs of their customers. With their core competencies of deep video application expert know-how and strong SoC design and system architecture expertise, videantis passionately serves a worldwide customer basis with a diverse range of target applications, such as mobile TV, Internet-connected set-top box, or in-car infotainment systems. videantis has been recognized with the Deloitte Technology Fast 50 Germany Award 2011 as one of the 50 fastest growing technology companies in Germany.
For more information about videantis, please visit www.videantis.com.
About Hannover Beteiligungsfonds (HBF)
Financed by the City and Region of Hannover and the European Regional Development Fund (ERDF), Hannover Beteiligungsfonds provides equity capital to enable technology companies in the greater Hannover area to implement innovative business concepts. In collaboration with private investors, HBF gives technology-oriented companies access to the capital market. The fund is managed by EnjoyVenture, ensuring professional support for the joint ventures. In total, Hannover Beteiligungsfonds has EUR 24 million worth of assets under management. Additional information are provided on www.investimpuls.de and www.enjoyventure.de.
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