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Motorola invests in home network company

Posted by iNext - 2006-01-06

LAS VEGAS, NV — Motorola Ventures, Motorola Inc.'s investment arm, has made a strategic investment in CopperGate Communications, a Israeli-based supplier of chipset solutions for multimedia home networking.

The investment was made as part of a $14.5 million round led by new investor Carmel Ventures, with the participation of existing investors Tamir Fishman Ventures and the Challenge Fund.

"CopperGate's technology brings a compelling new approach to the distribution of IP video content seamlessly throughout the home by leveraging existing wires," said Matthew Growney, managing director of Motorola Ventures,in a statement. "CopperGate's offering complements Motorola's strategy to offer multiple home media networking solutions to its customers."

Motorola has been trying to penetrate the home networking market. Last August, the company made a strategic investment in Intellon Corp., which supplies HomePlug-compatible IC's for home networking, networked entertainment and connected powerline applications.



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