4/23/2003 - Dilithium Networks, a leading provider of wireless multimedia solutions including voice and video transcoding gateways, announced that it has closed $10M in Series B funding.
Motorola, Inc., through Motorola Ventures its venture capital arm, and JAFCO Asia, one of the largest venture capital funds in Asia, invested in this second round of funding. Dilithium Networks’ previous investors also participated in the financing, including Ericsson Technology Fund, Deutsche Bank Capital Partners, and CM Capital. The new capital will be utilized to expand global sales and support efforts, as well as to support ongoing research and development efforts.
“This funding represents an important milestone for Dilithium Networks and it will enhance our ability to support our growing global customer base” said Paul Zuber, Chief Executive Officer of Dilithium Networks.
Dilithium Networks’ flagship product, DCT 2000, which incorporates the company’s patent-pending Unicoding technology, is the first carrier-class, high density multimedia gateway allowing connectivity between 3G-324M based wireless networks and H.323 based packet networks.
“We believe that Dilithium Networks’ Unicoding technology may have far-reaching potential in the 3G space” said Warren Holtsberg, Motorola Corporate Vice President and Director of Motorola Ventures. “Motorola Ventures views Dilithium Networks as a key player in driving multimedia services over 3G networks.”
About Dilithium Networks
Dilithium Networks is the leading provider of solutions for interconnecting networks and terminals to enable seamless, efficient transport of voice and video. The company’s products include Multimedia Transcoding Gateways, 3G-324M protocol analysis test tools, and Protocol Stacks. Dilithium Networks’ global customer base includes network equipment suppliers, terminal manufacturers, and mobile operators. Dilithium Networks is headquartered in Larkspur, California near Silicon Valley. For more information, please visit - www.dilithiumnetworks.com.
Dilithium Networks and Unicoding are registered in the US Patent & Trademark Office.
Motorola Ventures (MV) is the global, strategic venture capital investment arm of Motorola, Inc. MV actively invests at early stages in developing companies of strategic value to Motorola in order to accelerate access to new technologies, new markets and new talent.
Motorola, Inc. (NYSE:MOT) is a global leader in providing integrated communications and embedded electronic solutions. Sales in 2002 were $26.7 billion. Motorola is a global corporate citizen dedicated to ethical business practices and pioneering important technologies that make things smarter and life better for people, honored traditions that began when the company was founded 75 years ago this year. For more information, please visit: www.motorola.com.
About JAFCO Investment (Asia Pacific) Ltd.
JAFCO Investment (Asia Pacific) Ltd.,(“JAFCO Asia”) formerly Nomura/JAFCO Investment (Asia) Ltd., is a venture capital firm investing in promising young technology enterprises with high-growth potential in the Asia Pacific region. First incorporated in Singapore in March 1990 as a joint venture between JAFCO Co., Ltd and The Nomura Securities Co., Ltd., JAFCO Asia became a wholly-owned subsidiary of JAFCO Co., Ltd on 31 March 1999.
JAFCO Asia offers in-depth local knowledge in the region, with offices in 5 countries : Hong Kong, China, Taiwan, South Korea & Singapore. To-date, it has invested over US$700 million in 255 investees in 13 countries in the Asia Pacific, and has successfully achieved 155 exits.
JAFCO Co., Ltd., listed on the Tokyo Stock Exchange, is the largest venture capital company in Japan, with US$2.4 billion in committed capital in Asia, North America and Europe. The U.S subsidiary, JAFCO America Ventures, has offices in Silicon Valley and Boston, and is recognized as a leading VC in America. It was ranked as one of the top five VCs in the US by Forbes magazine in February 2000.
Nomura Securities, the co-founding joint-venture partner, is Japan’s largest securities house with over 128 domestic branch offices, subsidiaries and affiliates in 27 countries. Today, JAFCO Asia remains an integral part of the Nomura Group Network.
Globally, as at end of March 2002, the JAFCO group has invested in more than 2,553 portfolio companies, of which more than 665 have been listed. This represents a vast wealth of knowledge and experience that is available to JAFCO Asia’s entrepreneurial partners.
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