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

Want to master the CMO role? Join us for GrowthBeat Summit on June 1-2 in Boston, where we'll discuss how to merge creativity with technology to drive growth. Space is limited and we're limiting attendance to CMOs and top marketing execs. Request your personal invitation here!

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.

VentureBeat’s VB Insight team is studying email marketing tools. Chime in here, and we’ll share the results.