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.