DisplayLink, raises $24M for chips to connect displays via USB

November 12, 2007 | Matt Marshall

DisplayLink, a Palo Alto, Calif. company that makes chips to allow connections between computers and other visual display devices using USB, has raised $24 million in a third round of financing.

The funding comes from DAG Ventures, and included investors Atlas Venture, Balderton Capital and DFJ Esprit.The company has raised a total of $51 million of capital.

DisplayLink develops semiconductor and software to connect devices like monitors, PCs, projectors and other accessories.
Customers include I-O Data, IOGEAR, Kensington Technology Group, LG, Ratoc, Samsung and Toshiba.

The announcement is here.

The four-year-old company was originally named Newnham Research, and employs most of its 65 workers in Cambridge, U.K.

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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.