Geo Semi raising cash for automotive, IoT push
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eeNews Europe
The privately-held company is doing so via a scheme known as convertible debenture financing, and claims to have already raised $14 million. The company already has a successful professional video processor business with customers that include Sony, Panasonic, Toshiba, Sharp and Samsung.
Geo, founded in 2009, is also a successful supplier of H.264 video codecs, a position it originally created by way of its acquisition of the digital video IC business of Maxim Integrated Products Inc. in 2012.
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