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02/27/2008
UWB chipsets provider Wisair secured $24 million
Wisair, a provider of single-chip based Ultra Wideband (UWB) and Wireless USB (WUSB) solutions, has secured $24 million. The financing round was led by four new investors: Susquehanna Growth Equity (SGE), Advent Venture Partners, Bridge Capital Fund of Japan and Yasuda Ventures. Existing Wisair investors also participated, and included Apax Partners, Broadcom, Intel Capital, Vertex, and Zisapel brothers from the RAD group.
This additional funding will enable Wisair to accelerate the release of products with integrated WUSB capabilities to satisfy the burgeoning demand for simple high-speed wireless connectivity in the consumer electronics industry," noted Jonathan Klahr of SGE.
“Wisair's market-ready, single-chip technology is poised to play a major role in the WUSB market, which is now fully set to experience rapid growth over the next few years,” said Martin McNair, general partner.
Wisair is a fabless semiconductor company providing UWB and Wireless USB chipsets and reference designs for personal computing, consumer electronics, and mobile devices. Wisair headquarters are in Israel, with offices in the USA and Japan, and representatives in Korea, Taiwan and Singapore.
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