Tuesday, July 18, 2006

Newnham Gets $13.25M

Palo Alto-based Newnham has raised $13.25M in a Series B, the firm said today. The funding came from Espirit Capital Partners, along with existing investors Atlas Venture and Benchmark Capital. This round brings the company's total funding to $21.75M. Newnham is developing display network technology based on USB 2.0. Alan Duncan of Espirit and David Mooring, former president of Rambus and an investor in the firm, have joined its board of directors in conjunction with the funding. More information »