Issue #2004 - 02
ACQUISITIONS, MERGERS & AGREEMENTS
VC Investments in Wireless During the Past Two Months
1. Canesta Raises $16,000,000 in Series C Round [San Jose, CA]
Canesta is a developer of electronic perception technology that enables ordinary electronic devices to perceive and react to nearby objects or individuals in real time.
INVESTORS: Venrock Associates (Lead), Carlyle Group, Intel Capital, JPMorgan Partners, Korean Global IT Fund
2. Athena Semiconductors Raises $10,000,000 in Series B Round [Fremont, CA]
Athena Semiconductors is a provider of system-on-a-chip solutions for broadband wireless communications.
INVESTORS: Samsung Corporation (Lead), Needham Capital Partners
3. AirWalk Communications Raises $8,000,000 in Series A Round [Richardson, TX]
AirWalk Communications is a provider of an integrated voice and data micro base station and base station controller system for CDMA networks.
INVESTORS: TL Ventures (Lead), Korean Global IT Fund
4. Trillion Digital Communications Raises $6,000,000 in Second Round [Bessemer, AL]
Trillion Digital Communications is a provider of broadband wide area networking (WAN) connectivity and Internet access for the masses. The company set out to help bridge the "digital divide" by focusing on areas divided from or that had limited, slow-s...
INVESTORS: Housatonic Partners, Others
5. Defywire Raises $2,500,000 [Herndon, VA]
Defywire is a wireless middleware provider. The company's products enable companies to extend the enterprise by delivering real-time business information over wireless networks to enterprise mobile users.
INVESTORS: Anthem Capital, Individuals, Intersouth Partners, The Washington Dinner Club
6. Purple Patch Wireless Raises $372,000 in First Round [UK]
Purple Patch Wireless is a provider of wireless broadband hotspots that offer users secure and high-speed Internet access.
INVESTORS: Scottish Enterprise (Lead)
6. Wireless Security Raises Series B Round [Redwood CIty, CA]
Wireless Security provides security solutions for wireless networks.
INVESTORS: Undisclosed (Lead)
7. Cellon is a developer and designer of wireless modules and terminals. The company provides complete module, platform, and terminal-ready production solutions for OEMs and private label distributors. These modules comply with IS95A/B & GSM Phase 2+ stan...
INVESTORS: Elcoteq Network, Intel Capital, Others, UTStarcom
8. SkyBitz Raises $20,000,000 in Series C Round [Dulles, VA]
SkyBitz is a developer of Global Locating System (GLS) Platform to give customers the ability to track powered and un-powered assets, thus providing total asset visibility within the global supply chain.
INVESTORS: Inverness Capital Partners, Motorola
9. Telcontar Raises $6,600,000 in Series A1 Round [San Jose, CA]
Telcontar is a worldwide provider of total location-based solutions for in-vehicle, Internet, and wireless platforms. The company's spatial software platform and their patented automated user notification technology can provide customers with complete,...
INVESTORS: Cardinal Venture Capital (Lead), Individuals, Others
10. Magic4 Raises Funds [United Kingdom]
Magic4 is a developer of seamless mobile messaging technology. The company has developed software solutions for the transmission and reception of wireless messages with sound and graphics capabilities. The company offers a range of products designed to...
INVESTORS: Motorola Ventures
11. Brightstar Raises $61,800,000 in Financing [Miami, FL]
Brightstar Corporation is a provider of value-added distribution services to teh wireless industry in the Americas.
INVESTORS: Falcon Private Equity, Grandview Capital Management, Prudential Capital Group, Ramius Capital Group
12.DoOnGo Raises $18,000,000 in Funding, [Alviso, CA]
DoOnGo is a developer of software management and provisioning solutions for wireless network operators and mobile device manufacturers.
INVESTORS: VantagePoint Venture Partners (Lead), CDIB Ventures, Mitsui & Co. Venture Partners, Vertex Management
13. Paratek Microwave Raises $15,000,000 in Series B Round [Columbia, MD]
Paratek Microwave is a provider of modular antenna-to-baseband solutions of uncommon value for wireless networks.
INVESTORS: Polaris Venture Partners (Lead), ABS Ventures, Investor Growth Capital, Morgenthaler Ventures, Novak Biddle Venture Partners
14. Atsana Semiconductor Raises $10,000,000 in Financing [Canada]
Atsana Semiconductor is a leader in the development of fully programmable, low-power consumption multimedia processors for wireless devices such as handsets, personal digital assistants (PDAs), and network cameras.
INVESTORS: BDC Venture Capital Group, Covington Capital, EnTrust Capital Frontier Fund, Greenstone Venture Partners, GrowthWorks Capital, Primaxis Technology Ventures, Siemens Mobile Acceleration, Stata Venture Partners
15. Akustica Raises $8,000,000 in Second Round [Pittsburgh, PA]
Akustica is a developer of acoustic system-on-chip solutions for wireless communications and consumer electronics.
INVESTORS: Chamberlain Investments, Mobius Venture Capital
16. UIEvolution Raises $6,000,000 in Series B Round [Bellevue, WA]
UIEvolution is a developer of interactive, multimedia applications and technology for the wireless market.
INVESTORS: Square Enix U.S.A (Lead), Ignition, Inspire Corporation
17. Wheels of Zeus Raises $4,000,000 in Series B Round [Los Gatos, CA]
Wheels of Zeus is a developer of a new type of wireless network with GPS and wireless technologies, as a backbone for location, status, control, and communications solutions. The company's new network, wOzNet, will fill the gap between inexpensive, low...
INVESTORS: Mobius Venture Capital (Lead), Big Sky Partners, Draper Fisher Jurvetson (DFJ), Palo Alto Investors
18. Tatara Systems Raises $8,000,000 in Second Round [Acton, MA]
Tatara Systems is a developer of service delivery platforms intended to accelerate the path to profitability for public wireless LAN (Wi-Fi) service providers.
INVESTORS: Highland Capital Partners, North Bridge Venture Partners
19. M7 Networks Raises $3,000,000 in Series C Round [La Jolla, CA]
M7 Networks is a provider of advanced wireless services. The company's offerings link wireless carriers, technology providers (such as QUALCOMM and Sun), and the content community (developers, content owners, publishers, enterprises and government agen...
INVESTORS: Enterprise Partners Venture Capital (Lead), Others, Sienna Ventures
20. MessageVine Raises Funds in Second Round [Israel]
MessageVine is a provider of carrier-scale, private-label messaging and presence solutions. The company's flagship product, MessageVine IM Server, is a comprehensive and technologically advanced private-label messaging solution.
21. EnOcean Raises $5,500,000 in Funding [Germany]
EnOcean developer of wireless sensors powered by the environment.
INVESTORS: 3i Group, BayTech Venture Capital, Siemens Venture Capital, Wellington Partners Venture Capital
22. Ecutel Systems Raises $5,500,000 in Series A Financing [Herndon, VA]
Ecutel is a provider of mobile VPN software.
INVESTORS: Individuals, McDonnell & Associates
23. Arcwave Raises $5,000,000 in Series C Round [Campbell, CA]
Arcwave is a developer of licensed and unlicensed band broadband wireless access solutions.
INVESTORS: Lucent Venture Partners, Mayfield, SBV Venture Partners, Venrock Associates
24. Airgo Networks Raises $25M
Airgo Networks, based in Palo Alto, California, today announced closing a private equity investment of $25 million, led by Oak Investment Partners. The funds will be used to initiate volume shipment of its Wi-Fi chips, the most advanced in the industry, in early 2004. Airgo's chipset is based on the company's innovative Multiple-Input-Multiple-Output (MIMO) technology that recently was named by EE Times as "the most influential radio technology of the next few years."
To date, the company has secured $77 million in funding. All of its previous venture capital investors, Accel Partners, Nokia Venture Partners, OVP and Sevin Rosen Fund, also participated in this round. Bandel Carano, a general partner from Oak Investment Partners has joined the company's board.
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