LONDON — Mirics Semiconductor (Fleet, England) has secured an additional $7 million funding from its existing investors to expand its commercial activities and accelerate further additions to its Mirics FlexiTV product line.

The financing, from Acacia Capital Partners, Intel Capital and Pond Venture Partners, is in addition to the $12 million B-round announced in August 2007.

It will in part be used to expand sales teams in the U.S and Asia, and to meet the customer demand for FlexiTV as well as "support product portfolio expansion to address newly identified market segments."

"When Mirics first announced FlexiTV in the summer of 2008, we knew the industry reaction to this disruptive technology would be very positive. In fact, the commercial progress that Mirics has made since the product launch has prompted significant expansion of our commercial team in the US and Asia, to support our rapidly growing customer base," commented Mirics CEO, Simon Atkinson.

"The fact that Mirics has secured this funding in such an uncertain global economic climate is testament to the strength of its technology and world-class team," added Marcos Battisti, Mobility Sector Director at Intel Capital.

Mirics claims its FlexiTV range is the first commercially available software-based solution for receiving global broadcast TV and radio on processor-based platforms such as notebooks and portable media players.

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