Intellon Corporation Secures $18 Million in New Equity Financing

Strategic Insights -

Intellon Corporation, the global leader in powerline communications technology, has raised $18 million in new equity financing. This latest investment round brings in Samsung Ventures as a new investor, joining existing investors such as BCE Capital, Comcast Interactive Capital, and Goldman Sachs. The funds will be used to accelerate the global rollout of Intellon's HomePlug AV compatible ICs and to develop innovative new products.

The injection of capital will enable Intellon to meet the rapidly growing demand for its HomePlug product line in the service provider, digital home, and BPL markets. With over seven million HomePlug ICs sold, Intellon holds the dominant market share of the rapidly growing HomePlug market. The company's HomePlug AV ICs enable whole-house distribution of high-definition video and digital audio over existing home electrical wiring and coaxial cable.

Key Takeaways:

  • Intellon has raised $18 million in new equity financing from investors including Samsung Ventures, BCE Capital, and Goldman Sachs.
  • The funds will be used to accelerate the global rollout of Intellon's HomePlug AV compatible ICs and to develop innovative new products.
  • Intellon's HomePlug AV ICs enable whole-house distribution of high-definition video and digital audio over existing home electrical wiring and coaxial cable.
  • The company's HomePlug product line is used in various applications including home networking, IPTV distribution, broadband over powerline (BPL), and commercial applications.
  • Intellon's HomePlug ICs have been sold in excess of seven million units globally.
  • Samsung Ventures is pleased to be investing in Intellon and sees opportunities for exciting new CE-class products in the future.

Statistics:

  • $18 million: The amount of new equity financing raised by Intellon Corporation.
  • 7 million: The number of HomePlug ICs sold worldwide by Intellon Corporation.
  • 6: The number of continents where Intellon's HomePlug 1.0 compatible ICs are being used.
  • 200-Mbps: The speed of Intellon's HomePlug AV powerline standard.
  • 400 million: The amount of the fund managed by Samsung Ventures America.

Sources:

  • Intellon Corporation press release, dated "today" (no specific date mentioned).
  • Samsung Ventures website, no date.
  • HomePlug Powerline Alliance, Inc. website, no date.
  • Intellon Corporation website, "About Us" page.