Product category: Communications ICs (Wireless)
News Release from: Icera Semiconductor
Edited by the Electronicstalk Editorial Team on 16 March 2006
Funding enables continued engineering expansion
Wireless soft modem specialist Icera has secured a further $40 million in venture capital in a Series C funding round
Amadeus Capital Partners led this round, joined by Icera's existing investors, Accel Partners, Atlas Venture and Benchmark Capital. Icera has now raised a total of $82.5 million in venture funding since it was founded in 2002, placing it among the best funded early stage technology companies in Europe.
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Wireless developments come to Cambridge
Icera is set to open a new development centre in Cambridge, UK, and will recruit more than 25 wireless communications engineers to staff it
Funding reinforces long-term financial standing
Icera has received a $20 million investment from 3i as an extension to its recent series C funding round, which now totals $60 million
Dr Hermann Hauser, General Partner of Amadeus Capital Partners, who joins the Icera Board, said: 'We have tracked Icera for some time and we believe Icera's wireless soft modem platform will become established as a leader in the core of mobile phones' designs because of the quality of the team and its technology'.
'We look forward to working with the Icera team to accelerate this'.
Stan Boland, President and CEO of Icera said: 'Amadeus is an extremely experienced semiconductor venture investor, as witnessed by their investments in companies such as CSR'.
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Datacard platform boosts 3GPP datarates
The Adaptive Wireless HSDPA Datacard Platform will enable cellular datacard vendors to be first to market with next generation 3GPP Release 5 multimode HSDPA products
'We are delighted to welcome Amadeus as a major new investor in Icera and look forward to working with the firm as we build our business'.
'Overall, the quality of our backers is an added endorsement of our world-class team, category-defining technology and strong market momentum'.
In November 2005, Icera announced that its first products and platforms are targeting the delivery of the world's highest performance, multimode HSDPA cellular broadband solution and will be upgradeable through software to support emerging standards and features.
The new funding will be used to continue the rapid expansion of engineering, sales, customer support and operations teams internationally to support existing and future customer engagements and partnerships.
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