Niveus
Media Receives Funding from Intel Capital
Santa
Clara, CA – September 07, 2006– Niveus
Media, Inc., a digital media entertainment solutions company
noted for award-winning* media centers, recently announced
funding from Intel Capital, the venture capital arm of Intel
Corporation. Details of the agreement were not disclosed.
“With
the expansion of Niveus’ software development efforts
to support the Intel® Viiv™ technology platform
for entertainment PCs, Intel Capital is making an early
financial investment into our developing technologies, products,
and company. Intel Capital's commitment to Niveus, as well
as the company’s dedication to recognize and endow
companies worldwide that breed innovation, is truly invaluable,
said Tim Cutting, co-founder and CEO of Niveus Media. "We
look forward to pushing the technological advancement of
the Niveus product line and expanding in the Intel Viiv
technology-based entertainment PC category,”
Niveus
will use the funds to expand its product line, technologies
and marketing efforts in the custom home electronics marketplace.
Niveus’ current line of media centers, which include
the Rainier, as well as the company’s flagship product,
Denali, and Denali Limited and K2 Editions – all based
on Intel Viiv technology - allow consumers to create, store,
and access their digital media anywhere in the networked
home. These solutions also provide easy-to-use integrated
digital entertainment, including live and recorded television,
movies, music, photos and radio, that consumers can enjoy
when and how they want.
Niveus
Media will be exhibiting at CEDIA 2006 in Denver, CO, Booth
710, and will be introducing the latest additions to the
Niveus Media Center line-up. For more information on Niveus
Media, Inc., please visit www.niveusmedia.com.
*For
a list of Niveus awards, please visit: http://niveusmedia.com/pr_awards.htm
About
Niveus Media, Inc.
Since 2002, Niveus Media, Inc. has engineered and manufactured
high-performance media solutions that take whole-home digital
entertainment to an entirely new level. Niveus is an award-winning
manufacturer of high-end Media Centers, storage servers,
and advanced control software designed specifically for
the consumer electronics market. Committed to providing
innovative, integrated digital entertainment devices for
the networked home, Niveus has simplified the management
and enjoyment of digital media at home.
About
Intel Capital
Intel Capital, Intel’s venture capital organization,
makes equity investments in innovative technology start-ups
and companies worldwide. Intel Capital invests in a broad
range of companies offering hardware, software and services
targeting enterprise, home, mobility, health, consumer Internet
and semiconductor manufacturing. Since 1991, Intel Capital
has invested more than US$4 billion in more than 1,000 companies
spanning more than 30 countries. During this time, about
160 portfolio companies have been acquired and another 150
have gone public on exchanges around the world. In 2005,
Intel Capital invested about US$265 million in about 140
deals with approximately 60 percent of funds invested outside
the United States. For more information on Intel Capital
and its differentiated advantages, visit www.intelcapital.com.
Press
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