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,… Continue Reading
Motorola invests in DesignArt Networks, a WiMax network chip maker
Motorola’s venture capital arm, Motorola Ventures, has invested an undisclosed amount of money into DesignArt Networks, an Isreali company that says it is making chips for WiMax networks that are higher-grade than competitors.
WiMax is widely considered as a promising technology because it provides broadband for wireless communications over large distances, and carriers are rolling out the technology. Chips are needed to make those networks accessible by phones and other devices.
DesignArt says it supplies silicon system-on-chip… Continue Reading