Motorola Ventures, the equity investments arm of Motorola today announced an investment in CopperGate Communications, a supplier for multimedia home networking. The investment was made as part of a 14.5$ million round led by new investor Carmel Ventures, with the participation of existing investors Tamir Fishman Ventures and The Challenge Fund-Etgar L.P.. The announcement was made today at the Consumer Electronics Show (CES) in Las Vegas.
CopperGate CEO Gabi Hilevitz said his company, "Intended to leverage the additional funds and the strategic relationship with Motorola to expand the international recognition for our home networking technology and further establish our solutions as the preferred choice for in-home multimedia content distribution by service providers and consumers".