RedMere set for $6m funding and plans US rollout soon
Chip design company finds a new market in home theatre products, writes Dick O’Brien
Chip design firm RedMere is close to finalising a new $6 million (€4 million) fundraising round, and expects to have its product on sale across the United States during the first quarter of next year.
Chief executive Peter Smyth said the company was in talks with investors and expected to announce the closure of the funding before the end of 2009. Smyth said he could not name the participants in the round before the deal was signed.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team