Update: Quellan raises $20M for mobile phone noise-reduction — delay on profitability

Quellan, a Santa Clara, Calif. company that reduces noise interference on weak wireless signals, said it has raised $20 million in a third round of financing.

[Update: The company, which originally said it would be profitable this year, now says it won't be profitable until the end of next year.]

The company has been around since 2001, but its strategy to boost cell reception is relatively recent. Its technology comes at a good time: Motorola’s RAZR phone has 13 radios in it, for example, underscoring how phones are getting ever more sophisticated. These various radios are creating distortion, but Quellan deals with that

New investors include W.L. Gore & Associates, Harbinger Venture Management (backed by MiTAC, a world leader in GPS Personal Navigation Platforms), JAFCO (a Tokyo based global venture capital firm) and Glynn Capital Management. These new investors join Menlo Ventures, Yamacraw Capital Seed Fund, Cordova Ventures, Samsung Ventures America, and VentureTech Alliance, which have invested more than $23 million previously.

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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.

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