LONDON HelloSoft Inc., a supplier of signal processing and software-defined radio technology for voice-over-internet-protocol, wireless LAN, cellular, and converged markets, has closed a $16 million series B round of financing.
Based in San Jose, California, HelloSoft has an R&D facility staffed with more than 100 DSP engineers in Hyderabad, India. HelloSoft supplies semiconductor manufacturers and Original Device Manufacturers (ODMs) DSP software, networking software, RTL chip designs, reference designs and design services.
The latest investment round was led by Boston-based TD Capital Ventures with the participation from new investors Mitsui & Company Venture Partners, Entrepia Ventures, and current investors, including Venrock Associates, Sofinnova Ventures and Jump Startup.
"The new investment will help HelloSoft accelerate its development of CelluLAN for the burgeoning mobile multi-mode handset market. With its experienced team and a innovative technology portfolio, HelloSoft will continue focusing on the world's most advanced low-cost and low-power solutions," said Krishna Yarlagadda, chief executive officer of HelloSoft, in a statement.