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Audium completes first round funding
Secures $8.5 million to bring audio semiconductor solution to market
Bristol, 14th September 2007. Audium Semiconductor, a Bristol based fabless semiconductor company, today announced it has completed a $8.5 million first round of funding, from Advent Venture Partners and Balderton Capital. Audium, previously known as M-Stream Technology, is developing innovative audio solutions for the consumer electronics and PC markets.
Audium CEO, Clyde Witchard, said, "The successful completion of our first round is a great endorsement of both our business model and the market potential of our technology, and we are excited about this success. We look forward to applying the funding to accelerate the delivery of our products to market.”