Avega Systems yesterday announced that Cisco Systems, JAFCO Asia and Technology Venture Partners (TVP), have completed a $7M Series B funding deal.

Avega Systems develops networked home entertainment technology platforms and for the past three years has been developing core technologies targeted at the "connected digital home". Avega’s Aios technology platform is targeted at whole-home, multi-zone networked entertainment. The technology incorporates standard wired and wireless technologies including draft 11n and HomePlug AV as well as UPnP AV and DLNA. Aios is being made available to partners on an OEM basis.

Avega said that the financing will be used to grow the company and accelerate technology development and marketing activities. The firm also plans to step up efforts in building strategic partnerships for its networked media distribution platform with established North American, European and Asian brand partners.

Avega was founded in 2004 and has 35 employees across the USA and Australia.

Tags: Avega Systems, Cisco,

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