Leading HomePlug chipmaker Intellon Corporation yesterday announced it has raised $18 million in new equity financing. Samsung Ventures joins existing investors BCE Capital; Comcast Interactive Capital; Duchossois Technology Partners; EnerTech Capital; Fidelity Ventures; Goldman, Sachs & Co.; Intel Capital; Liberty Associated Partners, LP; Motorola Ventures, the strategic investment arm of Motorola, Inc.; TL Ventures; and UMC Capital Corporation in the financing round. The round was led by Goldman Sachs.
Intellon will use the new funds to accelerate the global rollout of its HomePlug AV compatible ICs and to "develop innovative new products to meet customer needs".
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