Avega, home entertainment wireless network co., raises $7M

April 17, 2007 | Matt Marshall

Avega Systems, a company that helps manage entertainment and other content across wireless home networks, has raised $7 million in a second round of funding.

The investment was led by Cisco Systems, JAFCO Asia and Technology Venture Partners — and is just the latest move by Cisco to expand into the home.

Avega Systems has headquarters in Sunnyvale, Calif. and R&D based in Sydney, Australia.

From the statement:

Avega’s Aios™ technology platform is aimed at enabling whole-home, multi-zone connectivity to content from a range of sources including Internet radio, media center PCs, portable media players, cell phones, legacy AV components, networked storage and set top boxes. The technology also solves problems associated with the control and management of the devices and content based on established and emerging wireless and wired networking standards, including Wi-Fi. Aios™ is being made available to established brand partners on an OEM basis.

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Tags: deal, wireless networking

About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.