Sunday November 1, 2020

RedMere raises $8.2m for expansion

RedMere Technology, a Louth firm developing chips for high-definition television, will launch its first products next year after raising $8.2 million from investors.

14th October, 2006

RedMere Technology, a Louth firm developing chips for high-definition television, will launch its first products next year after raising $8.2 million from investors.

Peter Smyth, the founder and chief executive of RedMere, said the firm’s technology was in trials with customers and it would record its first revenues next year. The two-year-old company expects to double its staff numbers in Ireland to 40 people by the end of next year.

Those staff are mainly involved...

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