Ubicom lands $1.8M for media networking chips

Ubicom, maker of chips tailored to distribute media via household networks and streaming devices, has brought in $1.8 million of a targeted $2 million round of options, warrants and securities, according to a filing with the SEC. Based in San Jose, Calif., the company has now raised $26.8 million to date, and is backed by August Capital, Mayfield Fund, Levensohn Venture Partners, Investcorp Technology Ventures and Tenaya Capital. Previously, Lehman Brothers provided some financing before going bankrupt and spinning off Tenaya.

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