Newnham Research has secured $8m Series B financing from two of the leading global venture capital firms: Atlas Venture and Benchmark.
Newnham Research secures $8M Series B financing
The announcement comes as the company, who are developing powerful new ways of connecting displays to computers, prepare to launch their first products with a selected group of international partners.
"We're delighted to welcome Atlas Venture and Benchmark as shareholders in Newnham," said Michael Ledzion, CEO at Newnham Research.
"Between them, they have been investing in leading international technology companies for more than 35 years. This investment will enable us to accelerate our development and commercialisation plans to bring this exciting new display connectivity approach to homes and businesses alike."
"Newnham is expanding quickly; we're continuing to hire a hugely capable and experienced team," Ledzion added. "As a result, we've already outgrown our offices in Harston and are looking forward to moving back into the heart of the city."
Newnham Research has also launched a new website (www.newnhamresearch.com), providing an introduction to Newnham's technology, its key people and career opportunities. The site also includes extensive resources for prospective partners and the company's existing customers.
Editorial contact: Michael Ledzion +44 (0) 8707 66 11 10
DisplayLink is a fabless network graphics semiconductor and software company, formed in 2003 to develop and exploit methods of delivering content to multiple flat panel displays from a single computer with the view that this technology could lower the costs of computing and thus make information technology much more widely available in developing countries.