SAN DIEGO--Silicon Wave Inc. here today announced it has raised $35 million in third-round financing to continue its pursuit of advanced ICs for radio-frequency applications.
The round included new investors Intel Capital, Seligman Technology Group, TDK Corp. and Velocity Capital Management, as well as existing investors Sevin Rosen Funds, Ampersand Ventures, Signal Lake Ventures, the Benaroya Company and Japan Asia Investment Co. Ltd. The round was significantly oversubscribed, according to the company.
"Silicon Wave has demonstrated an ability to design highly-integrated radio solutions for rapid growth markets," asserted David Lyon, chairman and CEO of the company. "We have proved that we are a leader in combining robust radio functionality with high-speed digital applications at the silicon level. The interest we had in the financing also reinforces the much-anticipated impact of Bluetooth for personal networks and wireless networks in the home."
This financing round allows Silicon Wave to continue with its development of small-power, low-cost radio chips such as its recent SiW015 radio modem IC. Developed for Bluetooth, a 2.4-GHz wireless communication specification ideal for consumer electronic devices, the SiW015 chip integrates all radio, modem and synthesizer functions into a packaged parts smaller than a dime. The company has also announced its SiW100 cable tuner IC for cable modem and cable set-top boxes.