Leading mobile TV chip maker Siano Mobile Silicon has raised $24 million. The company has raised the funds from companies who have previously invested in it.

The company has raised $75 million to date from Tamir Fishman Venture Capital TFVC), Jerusalem Venture Partners, Star Ventures, Walden-Israel, Bessemer Venture Partners, and Inventec Appliances of Taiwan.

The company will use the new funds for ongoing expenses, product development and for entering new markets. The start-up has already established a strong presence in the Far East and has signed major deals in China and most recently Japan.

Published by Globes [online], Israel business news - www.globes-online.com - on January 11, 2010

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