Tzero Technologies has raised $18 million in its third round of funding. The investment was led by the CID Group with full participation from Tzero's current investors: August Capital, Lightspeed Venture Partners, OVP, U.S. Venture Partners, and VentureTech Alliance.
Tzero CEO Rajeev Krishnamoorthy said the funding will help the company expand market presence, gain design wins, and bring next-generation products to market. "The CID group's relationships and operational expertise are great assets for us, and we look forward to working closely together."
"Tzero's technology for wireless distribution of high definition video is the only solution that meets the performance requirements of the leading consumer electronics manufacturers," said David Yang, partner with the CID Group.
"UWB is quickly gaining traction in the market as the standard for wireless video and Tzero is leading this ramp. We are excited to be part of the team that brings this product to the wireless digital media centered home market," he said.
