Beceem raises cash to go after WiMAX
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Santa Clara’s Beceem has raised $22 million in a third round of financing for WiMAX chipsets, at a time when key decisions have been made lately about standards for the wireless broadband technology.
VentureWire has the story (sub required). We notice for our records that Beceem raised $9.6 million in 2003, and another $9 million in the first quarter of this year. So it has been around a bit.
The Institute of Electrical and Electronics Engineers Inc., a technology trade group known as the IEEE, recently ratified the so-called 802.16e standard. That is for mobile WiMAX, or WiMAX technology that can be accessed while a person walks around town or rides in a car, just as cellular and Wi-Fi networks can.
Samsung Ventures America, Global Catalyst Partners, KTB Ventures, Sequoia Capital, Walden International and well-known Silicon Valley investor Vinod Khosla all participated in the financing.
Here is Om on the latest about WiMAX standards.
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Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
