Gigle Semiconductor gets $20M more for yet another broadband network chip

Gigle Semiconductor, a Redwood City, Calif., company that makes chips for home networking devices, said it has received $20 million in a second round of funding.

Gigle also has offices in Spain and the U.K.. It backers are Glasgow-based Scottish Equity Partners, and existing investors Accel Partners and Pond Venture Partners, which together previously invested $11 million.
Gigle allows broadband networking connections through home, through existing lines such as telephone or cable, or even electric.

The company’s name may be Gigle, but it’s no laughing matter. There’s a gaggle of competitors. VentureWire (subscription required) published a good list: Arkados Group, Conexant Systems, Intellon, Maxim Integrated Products, Spidcom Technologies, Xeline and SiConnect. Gigle says it delivers at faster speeds, at 1 gigabit per second, but ‘not clear how much faster it is compared to its competitors in live conditions.

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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.

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