News
Issue #2003 - 07 (February 2003)
(Updated Feb. 27, 2003)

ACQUISITIONS, MERGERS & AGREEMENTS

VC Investments in Wireless

Recent Investments

IceFyre Semiconductor Raises $19,000,000 [Canada] 
IceFyre Semiconductor builds fabless semiconductors. The company has developed system on chip designs for high-speed wireless markets. In particular, the chips are designed for 802.11a wireless LANs.
INVESTORS: Business Development Bank of Canada, Covington Capital, Kodiak Venture Partners, Motorola Ventures, Prism Venture Partners, TD Capital, VenGrowth

Sarantel Raises $5,700,000 in Second Round [U.K.] 
Sarantel provides high-performance antennas for mobile devices. Its antennas have applications in handheld and automotive GPS, WLAN and Bluetooth, and mobile telephones. 
INVESTORS: eTechnology VCT, MTI Partners, VCF Partners

Wysdom Raises $5,100,000 in Third Round [Canada] 
Wysdom provides mobile network operating system software. Its flagship software, Wysdom MAP-OS, helps operators develop new mobile data services. 
INVESTORS: Covington Capital, VenGrowth

Sepro Raises $3,250,000 in Second Round [Ireland] 
Sepro is a provider of rating and billing software for use by wireless carriers to deploy MMS, WLAN, GPRS, 3G and other data services. Its flagship products include e-Rate Rating, a unified rating engine that evolves, rather than replaces existing IP .
INVESTORS: Trinity Venture Capital (Lead), AIB Equity

Clarisay Raises New Funding [Dallas, TX] 
Clarisay makes surface acoustic wave (SAW) components for wireless handset applications. Clarisay's products include GPS, AMPS/CDMA, EGSM, DCS, PCS, and Cable Tuner RF SAW filters. 
INVESTORS: Motorola Ventures

Bitfone Raises Second Round Add-on from Orange Ventures [Laguna Nigel, CA] 
Bitfone creates Java-based software for global wireless carriers. Its mProve software delivers over-the-air updates of applications on mobile devices.
INVESTORS: Orange Ventures

Source: Various press releases
For more information: http://www.venturereporter.com

MobileInfo Comments and Advisory: VCs continue to support wireless startups in chips, handsets, WiFi and carrier-focused software.

Note: This news release may contain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of Securities Exchange act of 1934 in USA. Similar provisions exist in other countries. There is no assurance that the stipulated plans of vendors will be implemented. MobileInfo does not warrant the authenticity of the information. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures.  All trademarks used in this summary are the property of their respective owners.