Intellon Raises $23.5 million for Powerline Chips

Intellon, a start-up based in Ocala, Florida raised $23.5 million in new equity financing for its integrated circuits for high-speed powerline networking. Intellon designs and develops chipsets for networking over existing powerlines within a home or office. Intellon’s technology was selected by the HomePlug Powerline Alliance as the basis of the HomePlug 1.0 standard. The company is currently shipping chipsets that enable powerline communications at speeds of up to 14 Mbps. The investment was led by Comcast Interactive Capital, EnerTech Capital and Liberty Associated Partners, LP. Intellon’s largest investor, Fidelity Ventures, was also a major participant in the financing. Other investors in the round included Duchossois TECnology Partners, Hydro-Quebec CapiTech, Philips Venture Capital Fund, TL Ventures and UMC Capital Corporation. http://www.intellon.com