Product category: Communications ICs (Wireless)
News Release from: Ember Europe
Edited by the Electronicstalk Editorial Team on 01 October 2004
Ember upgrades money and management
Ember has closed an additional $25 million in funding and expanded its management team.
Ember, a developer of wireless semiconductor solutions and ZigBee Alliance promoter, has closed an additional $25 million in funding, led by Vulcan Capital, the investment group of Paul G Allen Joining Vulcan in this latest round are new strategic investors ChevronTexaco Technology Ventures, Hitachi and WestAM
This article was originally published on Electronicstalk on 22 Oct 2002 at 8.00am (UK)
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Existing investors Polaris Venture Partners, DFJ New England, GrandBanks Capital, RRE Ventures and DFJ ePlanet Ventures also participated in the round, bringing the total capital Ember has raised to $53 million.
CIBC World Markets served as financial advisor to the company for this round.
Ember also announced that Bob Metcalfe, father of Ethernet, founder of 3Com, and now Polaris Ventures partner, will become the new Chairman.