Product category:
Communications ICs (Wireless)
News Release from: Icera Semiconductor
Edited by the Electronicstalk Editorial
Team on 08 April 2005
More funding for Icera
Cellular wireless semiconductor company Icera has successfully completed a $10 million extension to its July 2004 series B funding round, which now totals $32.5 million.
Cellular wireless semiconductor company Icera has successfully completed a $10 million extension to its July 2004 series B funding round, which now totals $32.5 million The extension was fully subscribed by existing investors, Accel Partners, Atlas Venture and Benchmark Capital
This article was originally published on Electronicstalk on 16 Nov 2005 at 8.00am (UK)
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Icera designs and builds breakthrough baseband silicon and software for next generation mobile handsets and wireless terminals.
Founded in 2002, Icera has raised funding totalling $42.5 million to date.
The new funding reinforces Icera's strong, long term financial position, allowing the company to focus on completion of its technology development on time and enabling a successful roll out of its competitive roadmap of first product sampling through to full scale production.
Stan Boland, President and CEO of Icera, said: "The enthusiasm and support we continue to see from our investors underlines our shared belief in Icera as it brings its first products to market".
"With an aggregate fund size of around $1.5 billion, the combination of Benchmark, Atlas and Accel represents the strongest possible early stage investor group, with deep expertise in building world-beating technology companies".
Graham O'Keeffe, Senior Partner at Atlas Venture, said: "This latest investment ensures Icera is fully funded for the duration of its technology development and production ramp and, crucially, that it does not lose any time in achieving its ambitious business goals".
"We are increasingly excited by the prospect of Icera's disruptive and innovative wireless products changing the rules of the mobile industry's competitive landscape".
First samples of the Icera solution are scheduled later this year to support major operators in their planned rollout of enhanced 3GSM networks during the first half of 2006.
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