Digital 5, a start-up based in Lawrenceville, New Jersey, raised $8.4 million in new funding for its software technologies for connected consumer electronic devices. D5’s software aims to enable new products for existing CE categories, such as DVD Players, televisions, and stereo systems, that allow consumers to enjoy their music, digital pictures, video, or premium content in the comfort of their various home entertainment locations. Digital 5’s software powers a digital media adapter marketed by Netgear and current connected DVD players on the market by Gateway, GOVideo, and Oritron. The company also recently announced a partnership with Apex Digital to deliver a connected DVD player, and agreements with America Online, Inc., Rhapsody, and Napster to extend the streaming of content beyond the PC, to next generation connected consumer electronics devices.
The new funding was led by Blue Chip Venture Company and included participation from existing investors 3i, Philips Venture Capital Fund BV, and SpaceVest. Existing investors include Texas Instruments and AVC Technologies. http://www.digital5.com/
