Luxxon Corporation Lands $21 million in Funding

San Jose, CA-based Luxxon Corporation announced it has secured a second round of financing totaling $21 million from several investors, including such prominent firms as Allen & Company, Cisco Systems, Sony Corporation of America, Viventures, and Zodiac Ventures.

"We are excited about partnering with this strong group of global investors who occupy strategic positions in their communications markets," said Dave Singhal, President and CEO of Luxxon in a statement.

Luxxon is a developer of hardware and software systems for universal audio and video communications, including video transcoding gateways and network video processors.

Last August, Luxxon introduced its streaming media gateway product, known as the Mediator. The product allows the streaming of live audio and video from networked devices to a wide array of Internet-connected devices. The Mediator transforms source streams to match the requirements of a range of client devices over both wireless and wired connections.

The company said the latest round of funding will be used towards product research and development, as well as staffing support for technical, sales, and marketing efforts.