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.


VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member