Deals

Provigent takes $10M for wireless chips

Chip maker Provigent received $10 million in fifth-round funding, all from Lightspeed Venture Partners, to develop chips for 4G cellular base stations and wireless applications. The funds will also be used to extend sales efforts globally — the Santa Clara, Calif.-based company is already active in Europe and Asia.

Provigent has raised $51 million to date from the likes of Ascend Technology Ventures, Delta Ventures, Globespan Capital Partners, Magma Venture Partners, Pitango Venture Capital, Sequoia Capital, Stata Venture Partners and Viterbi Group. It last raised capital in March, taking $3 million from Stata to cap off a fourth round worth $20 million.

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  1. [...] wireless industry, has raised $10 million in fifth-round funding from Lightspeed Venture Partners according to VentureBeat.  The California and Isreal-based firm will use the money to develop chips for wireless [...]