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Power-line chip firm hooks up to $23.5 million

Intellon announced on Monday that it has raised $23.5 million in equity financing to support its chip business. The Ocala, Fla.-based start-up designs chips used in power-line networking gear, which allows devices to send and receive data over existing electric power lines within homes and offices. Typically, the chips allow for communications at speeds of up to 14 megabits per second. Linksys, NetGear and DLink are among the device makers using Intellon's chips. Comcast Interactive Capital, EnerTech Capital, Liberty Associated Partners and Fidelity Ventures are among the investors.