Product category:
Communications ICs (Wired)
News Release from: RadioScape
Edited by the Electronicstalk Editorial
Team on 11 April 2002
RadioScape raises funds for eastern
expansion
RadioScape has received US $2.8 million in financing from venture firms, iGlobe partners Fund, LP and Yasuda Enterprise Development of Japan.
RadioScape has received US $2.8 million in financing from venture firms, iGlobe partners Fund, LP and Yasuda Enterprise Development of Japan RadioScape will use the funds to expand operations in key growth markets in Japan, Korea and the rest of Asia and extend the reach of its core offering, the Communication Virtual Machine (CVM)
This article was originally published on Electronicstalk on 12 Feb 2001 at 8.00am (UK)
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iGlobe Partners and Yasuda Enterprise Development, both with extensive semiconductor and wireless experience, invested in RadioScape because its solutions simplify the development of 2G, 2.5G and 3G wireless products.
RadioScape's CVM empowers semiconductor developers to make wireless products more efficiently, enabling the speedier creation of new wireless applications devices.
RadioScape also provides essential software for basestation development, which helps telecommunications operators reduce deployment costs of expensive 3G systems.
"RadioScape and its technology solutions are 'must haves' for semiconductor companies looking to speed time-to-market for creating next-generation wireless solutions", said Trudi Schifter, general partner of globe.
"RadioScape is at the forefront of wireless systems development and solves fundamental business problems for semiconductor companies.
We look forward to working with RadioScape's world class team to support its global market penetration initiatives".
Masatoshi Ueno of Yasuda Enterprise Development, said, "RadioScape has a highly competitive solution to an ongoing dilemma facing today's wireless developers, and we're looking forward to enabling the company to implement its unique products and technologies globally".
RadioScape's CVM allows developers to rapidly develop and deploy multi-vendor, complex, real-time DSP applications in a hardware-neutral fashion.
The CVM enables wireless systems developers to validate ideas and designs before committing to silicon and software, achieving faster development times with fewer errors.
"The exponential growth of wireless traffic in the Asian market validates the demand for advanced solutions for semiconductors to bring next-generation wireless solutions to market.
Regional customers and partners will benefit from our expansion into this market", said Peter Florence, RadioScape's CEO.
"Our relationship with our two new investors already has resulted in the introduction of our company and our CVM to several key potential licensees".
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