NGCodec Raises Funds in New Financing Round
Streaming Media West, Huntington Beach CA – November 18, 2014 – NGCodec Inc., a pioneer in Next Generation video Codec (compressor-decompressor) technology, announced today that it has received several million dollars in new financing from Belmore Capital.
“We are extremely pleased to be working with investors who see the potential to build a billion dollar company,” said Oliver Gunasekara, CEO & co-founder of NGCodec. “We plan to use the funding to support the company’s growth and hire an additional 30 engineers.”
Neil Belmore, Managing Director of Belmore Capital, added “We are excited about NGCodec’s excellent team of engineers and the emerging global market for H.265/HEVC video compression.”
About NGCodec
NGCodec is a startup based in Silicon Valley creating video codec silicon Intellectual Property. The team is focused on the new H.265/HEVC codec. The company was founded in 2012. NGCodec licenses its silicon IP technology to semiconductor manufacturers and OEMs and is still in stealth mode with regards to its future products and services. NGCodec.com
About Belmore Capital
Belmore Capital is a Toronto-based venture capital firm with a presence in Palo Alto CA and an investor in technology and life sciences companies. www.belmorecapital.com
|
Related News
- Cerebras Systems Raises $250M in Funding for Over $4B Valuation to Advance the Future of Artificial Intelligence Compute
- Altair Semiconductor Raises $25 Million Financing Round
- Smart Grid System on Chip Innovator, EnVerv Raises $12M Round of Financing
- AheadComputing Raises $21.5M Seed Round and Introduces Breakthrough Microprocessor Architecture Designed for Next Era of General-Purpose Computing
- Expedera Raises $20M Series B Funding Round Led By indie Semiconductor
Breaking News
- intoPIX Powers Ikegami's New IPX-100 with JPEG XS for Seamless & Low-Latency IP Production
- Tower Semiconductor and Alcyon Photonics Announce Collaboration to Accelerate Integrated Photonics Innovation
- Qualcomm initiates global anti-trust complaint about Arm
- EnSilica Agrees $18m 7 Year Design and Supply ASIC Contract
- SiliconIntervention Announces Availability of Silicon Based Fractal-D Audio Amplifier Evaluation Board
Most Popular
- Qualcomm initiates global anti-trust complaint about Arm
- Siemens acquires Altair to create most complete AI-powered portfolio of industrial software
- Alphawave Semi Reveals Suite of Optoelectronics Silicon Products addressing Hyperscaler Datacenter and AI Interconnect Market
- EnSilica Agrees $18m 7 Year Design and Supply ASIC Contract
- Rapidus Announces Strategic Partnership with Quest Global to Enable Advanced 2nm Solutions for the AI Chip Era
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |