Anchor Bay has secured $10 million in funding to support its continued expansion in the semiconductor space. New investor Atlantic Quantum led the funding round, joining existing investors Storm Ventures and Venrock Associates, who also participated in the round.

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Anchor Bay's chips are used in all devices in the video signal chain, including source and display components. Atlantic Quantum invests exclusively in the semiconductor and micro-devices industries, with a focus on promising IC design and fabless semiconductor companies that can leverage their portfolio companies, enabling them to achieve design and foundry efficiencies.

"We are very pleased to have led this round of funding for Anchor Bay," said Henry Choo, COO and vice president of investments for Atlantic Quantum. "We see potential for dramatic growth in the video processing semiconductor space, and we have been fortunate enough to find a company that is leading the charge."