LONDON Icera Inc. (Bristol, England) a fabless semiconductor startup that has developed a wireless modem chipset, has announced it has raised a further $40 million in equity funding, bringing to total raised by the company to more than $142 million.
Icera was founded in 2002 and has launched high-speed packet access (HSPA) chips in Japan and claimed it has design wins with "leading" mobile data product companies which are scheduled to ramp in 2008.
The company did say for what the money was required but it may need it to replace the funds recently spent on the acquisition of Sirific Wireless.
The round was led by a new investor in Icera, Tudor Investment Corp. (Boston, Mass.). Tudor was joined by Icera's existing investors Accel Partners, Atlas Venture, Amadeus Capital Partners, Balderton Capital (previously Benchmark Capital Europe) and 3i Group plc.
"Icera has created a pioneering technology that is revolutionizing the cellular market," said Rob Broggi, a Tudor Investment partner who is set to joing the Icera board of directors.
Icera's Livanto, launched in November 2005 is a baseband IC for mobile phones and cellular data devices. It allows wireless modem functions to be implemented in a software modem called Adaptive Wireless, which should allow handset makers to better cope with changing standards. Icera also claimed that Livanto provides the highest available performance HSPA modem, enabling consumers to send and receive email files with attachments, access web pages and download music tracks over the air in seconds.
Livanto supports 2.5G standards, GSM, GPRS and EDGE and 3G standards WCDMA, HSDPA and HSUPA. The baseband and its accompanying software are being developed for additional air interfaces, including HSPA+ and LTE which can be consolidated as a multimode solution on the same device, the company said.
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