Mobile TV chipmaker MediaPhy raises nearly $7 million

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MediaPhy is building a chip that can let you watch TV from your mobile phone or any other device. It launched its new chip in September (our coverage), which it has already been testing with various device manufacturers.

San Jose, Calif.-based MediaPhy’s new chip can be used with any device that has an LCD screen and an MPEG decoder. It works across multiple mobile TV standards in different countries and claims to use far less power than existing chips in the market.

ATA Ventures and ARCH Venture Fund invested nearly $7 million in this round, according to regulatory filings.