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VincePG
This shows that if you can't raise $100M you can't start a semi company, ...
eewiz
Cant say that only based on this example. I mean these guys are around from ...
LTE chip startup raises $26 million
Peter Clarke
4/11/2011 7:13 AM EDT
LONDON – Mobile communications fabless chip company Altair Semiconductor Ltd. has raised $26 million in a venture capital round led by Jerusalem Venture Partners (JVP). Altair (Hod Hasharon, Israel) said it will use the money to develop next-generation LTE chips.
The VC round, which included established investors BRM Capital, Bessemer Venture Partners, Giza Venture Capital and Pacific Technology Partners, brings the amount invested in Altair since its formation in 2005, to $74 million.
The company has its chips involved in LTE network deployments in Europe and in field trials in the U.S., Japan, China and India.
"As the global LTE market is expected to grow exponentially over the next few years, the funding will help Altair expand our current market leadership position, as well as step up the production of our chipsets in response to the increasing demand from our customers," said Oded Melamed, co-founder and CEO of Altair, in a statement.
"With its current global deployment and its chipsets now powering numerous mobile devices from tier-one manufacturers, Altair has established itself as the world's leading developer of LTE solutions," said Kobi Rozengarten, managing partner with JVP, in the same statement.
Related links and articles:
www.altair-semi.com
News articles:
Altair, Alcatel-Lucent okay LTE chipset
Broadcom bids $316M for 4G startup Beceem
Agilent, Altair to do interoperability testing for LTE
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goafrit
4/11/2011 11:32 AM EDT
It seems that the money good old days is back. Firms are raising capital withe ease these days. This is very commendable.
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eewiz
4/11/2011 12:55 PM EDT
Cant say that only based on this example. I mean these guys are around from 2005. They must have a compelling LTE product readily available, for a VC to sink in this much money in this market.
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VincePG
4/11/2011 7:12 PM EDT
This shows that if you can't raise $100M you can't start a semi company, regardless of the product target.
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