Provigent, system-on-a-chip for wireless, raises more cash

May 4, 2007 | Matt Marshall

Provigent, a Santa Clara provider of system-on-a chip for wireless broadband transmission, said it has raised $17 million total in a fourth round of financing.

Stata Venture Partners joined existing backers Sequoia Capital, Pitango Venture Capital, Globespan Capital Partners, Ascend Technology Ventures, Magma Venture Partners, Delta Ventures, and Dr. Andrew Viterbi, co-founder of Qualcomm. The company had already announced raising the fourth round in March, and Stata added money to the round.

It said Ray Stata, co-founder and chairman of Analog Devices, will join its advisory board.

The company has now raised $38 million since 2000.

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About the Author, Matt Marshall

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.