Santa Clara, Calif.-based chip start-up MediaQ will announce on Tuesday that it has raised an additional $10.7 million in funds as an extension of its third round of financing. The graphics chipmaker's latest financing comes from a variety of investors, including National Semiconductor. MediaQ hopes the relationship with National Semiconductor will open new doors.
To start, the company hopes to pair its graphics chips with National Semi's display drivers or audio codecs, chips used to help display graphics or play music. Ultimately, MediaQ would like to collaborate on wireless technologies, such as GPRS (General Packet Radio System), said Elie Antoun, MediaQ's president. MediaQ's flagship MQ-1100 series of graphics chips work to offload duties such as graphics, memory management and screen refresh from a PDA's processor, speeding performance and reducing power consumption.