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LONDON — On Demand Microelectronics AG, a licensor of electronic circuit designs for digital television and a spin-off from Analog Devices Inc., has closed its Series A financing round at $12 million. High Tech Private Equity GmbH (HTB), private equity company based in Dusseldorf, Germany, co-lead the round with the existing investor Gamma Capital Partners (GCP), in a syndicate with Bank Austria Gruenderfonds, the venture arm of Bank Austria Creditanstalt (HVB Group) and Austria Wirtschaftsservice (AWS). On Demand Microelectronics (Vienna, Austria) was formed in 2002 and has sales and support offices in Austin, Texas, Munich and Taipei. It develops software programmable cores for digital television including high definition, multi-standard video, image, and baseband processing. The basis for ODM’s product portfolio is the VSP (Vector Signal Processor). The architecture can be licensed along with a software development tool chain for target applications, On Demand said. One of the primary IP cores offered by ODM is SVEN — the Scalable Video ENgine. On Demand claims SVEN is the first programmable processor capable of handling high definition multi-standard compliant video codec implementations such as H.264, VC-1, and MPEG2 for resolutions up to 1080 by 720 pixels. The company has claimed to have signed up two licensees for its technology, both in post production (see story). “On Demand Microelectronics is currently expanding into the APAC region, after entering the U.S. market in 2004. Our global expansion is accompanied by extremely strong response of prospects and customers worldwide,” said Christian Tiringer, chief executive officer of On Demand Microelectronics in a statement.
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