More funding for RadioScape

RadioScape has raised GBP 15.6 million in funding led by Royal Bank Ventures (RBV), the technology venture capital fund of The Royal Bank of Scotland.

RadioScape has raised GBP 15.6 million in funding led by Royal Bank Ventures (RBV), the technology venture capital fund of The Royal Bank of Scotland.

Other participants in the funding round include new investor, Scottish Equity Partners, and existing investors Atlas Venture and Texas Instruments Incorporated.

These investments enable RadioScape to further its global growth and expansion in international markets.

The investors were attracted by the potential of RadioScape's Communication Virtual Machine technology, the company's core product for the rapid development and deployment of complex wireless standards such as 3G.

The CVM, licensable embedded runtime software for wireless systems, enables developers and semiconductor manufacturers to simplify the development of their 2G, 2.5G, 3G and other wireless products with "right-first-time" design technology.

The CVM materially increases design success and reduces time-to-market for multimode and complex communications devices.

RadioScape's CVM has been adopted by major players in the semiconductor market which are developing new wireless communications systems.

These systems require innovative yet increasingly complex parallel hardware architectures for baseband processing, with competing engineering requirements on system performance, power and cost to support highly sophisticated software.

With the CVM's unique combination of software runtime and design tools, wireless developers can validate their designs before committing to silicon and software, achieving faster development times with fewer errors.

Gavin Petken, investment director at Royal Bank Ventures said, "RadioScape's technology addresses a fundamental problem faced by many semiconductor manufacturers and developers who need to rapidly enhance the power and complexity of their wireless solutions to meet market demand.

The company's leading position in digital audio broadcast intellectual property has already demonstrated how its innovative CVM technology can facilitate the rapid delivery of wireless solutions into new markets.

This was an opportunity to invest alongside important follow-on investors such as Texas Instruments in a company with genuine growth potential in a rapidly expanding sector".

Stuart Paterson, investment director at Scottish Equity Partners said, "Our investment in RadioScape will help to strengthen its leadership in wireless markets by enabling the company to extend its intellectual property portfolio.

We believe the CVM will change the way wireless semiconductor products are designed and developed.

RadioScape has already demonstrated significant capabilities in its software implementation for digital radio, which is used in Texas Instruments' TMS320DRE200 digital baseband.

RadioScape's ongoing contribution to the emerging digital radio market will accelerate the rate at which the 330 million radios sold each year go digital".

Peter Florence, managing director of RadioScape said, "There is an increased need for higher performance and functionality for digital wireless applications such as those promised by 3G.

While developing 2G wireless was certainly difficult, 3G offers an even greater challenge and has raised the level of engineering complexity to new heights.

Our CVM solves these kinds of complex problems, enabling developers to rapidly build and deploy portable, robust, multimode baseband solutions that would be difficult, if not impossible, to achieve with existing design flows.

This strong investment is evidence that RadioScape's products address current industry needs and that our solutions will play an important role in the development of future wireless products.

It also gives us the financial backing required to widen deployment of the CVM".

JPMorgan H and Q acted as financial adviser and placement agent to RadioScape on the fundraising.

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