Siano Mobile Silicon raises $11.5 million

"Mobile TV chip maker Siano Mobile Silicon snagged $11.5 million in first round funding from JVP (Jerusalem Venture Partners) with participation from Walden Israel and Star Ventures. Siano was founded in June 2004 by a group of Israeli entrepreneurs led by Alon Ironi, former CEO of Emblaze Semiconductor, who serves as the company's CEO, together with Adam Fisher, a General Partner at JVP and Siano's chairman of the board. The company develops silicon receivers for the mobile digital TV (MDTV) market."