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Bangalore, Sept. 21 The Chennai-based Novatium Solutions has received funding from US-based venture capital firm New Enterprise Associates (NEA).

Novatium is working on a $100 thin client computer that it expects will be present in 50 million living rooms in the next five years. The undisclosed amount will be used to support Novatium’s expansion plans beyond Chennai. Mr Krishna “Kittu” Kolluri, NEA General Partner, and Mr Ben Mathias, Vice-President, NEA India, will join the board of the company.

“We are delighted to be partnering with Novatium Solutions and are confident that it will significantly help drive computing and broadband penetration in India. Our focus is on working with India’s best and brightest entrepreneurs and Novatium is a company poised to take India to a world leadership position in its category,” said Mr Mathias.

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