DisplayLink Receives $8 Million Financing
PALO ALTO, Calif., June 21, 2011 – DisplayLink, the leading provider of networked display technology for multi-monitor and USB-connected computing, has announced that it will receive eight million dollars of new financing in a fourth round investment, with an option for an additional six million if needed. The Palo Alto-based company did not disclose the investors providing the new capital. DisplayLink has previously received financing from Atlas Venture, Balderton Capital, DAG Ventures, DFJ Esprit and WTI. The company has raised a total of $68 million.
“DisplayLink has received another vote of confidence from the investor community with this new round of financing,” said Graham O’Keeffe, DisplayLink Chairman. “Strong growth continues in our markets for USB graphics adapters, universal docking stations, and monitors in both the corporate and consumer segments. There are now close to four million USB graphics users, with SuperSpeed USB 3.0 catching on quickly. This financing will help DisplayLink to rapidly deliver compelling new products for these markets.”
DisplayLink intends to continue its product development and innovation, particularly in the SuperSpeed USB and Wireless-enabled categories. According to a research report from In-Stat (www.in-stat.com) entitled “USB 2011: SuperSpeed Comes to Market,” nearly 80 million SuperSpeed-enabled devices will ship in 2011. DisplayLink has already been recognized as a leader in the SuperSpeed category, capturing a CES 2011 award for its enabling technologies.
“DisplayLink continues to benefit from the support of some of the world’s leading venture capital groups,” said Dennis Crespo, executive vice president of marketing and business development for DisplayLink. “With this investment, we are well-resourced to further grow our PC peripherals business, particularly in zero-client computing. This market has been fueled by the recent introduction of Windows Multipoint Server 2011, with DisplayLink supporting a growing number of customers and partners in this category.”
DisplayLink Corp develops hardware and software solutions to enable easy connectivity between computers and displays over standard interfaces such as USB, Ethernet and wireless networks. DisplayLink technology is used in dozens of globally branded PC accessories including monitors, universal docking stations, display adapters, projectors, and zero client systems that make expansion of the desktop visual workspace possible, at significantly lower cost and energy usage than traditional solutions.
DisplayLink is ranked the fourth fastest-growing EMEA Company by Deloitte, and was awarded the CES 2011 Best of Innovation Award Honoree in the Enabling Technologies category for its Interactive Networked Graphics for SuperSpeed USB. For more information and product details, visit the DisplayLink Shop and follow DisplayLink on Facebook, LinkedIn, YouTube and Twitter.