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Ultrawideband Broadband Wireless Chipset Manufacturer Secures $24 Million in Funding

3/4/08 - Wisair, a leading provider of single-chip based Ultra Wideband (UWB) and Wireless USB (WUSB) solutions, announced that it has secured $24 million in its latest round of funding. The financing included four new international investors and was led by Susquehanna Growth Equity (SGE), a US-based private equity fund investing in growth capital and late stage venture opportunities. SGE was joined by European-based Advent Venture Partners, Bridge Capital Fund of Japan (an affiliate of Nikko Antfactory), and Yasuda Ventures. Existing Wisair investors also participated, and included Apax Partners, Broadcom, Intel Capital, Vertex, and Zisapel brothers from the RAD group.

"Wisair has made a number of remarkable accomplishments in the WUSB market space over the past few years, with the most recent milestone being the delivery of the regulation and standards-approved WSR601 single-die CMOS chip" noted Jonathan Klahr of SGE. "This additional funding will enable Wisair to accelerate the release of products with integrated WUSB capabilities to satisfy the burgeoning demand for simple high-speed wireless connectivity in the consumer electronics industry."

Commenting on this round of investment, Martin McNair, general partner at Advent Ventures, said: "We were drawn to Wisair because of its exceptional record of delivering high frequency, mixed signal WUSB CMOS solutions on time and to specification. Wisair's market-ready, single-chip technology is poised to play a major role in the WUSB market, which is now fully set to experience rapid growth over the next few years. We look forward to working with Wisair and helping it expand technology partnerships throughout Europe."  

Keywords: ultrawideband, broadband wireless, speed wireless connectivity, private equity fund, martin mcnair, consumer electronics industry, antfactory, intel capital, wusb, technology partnerships, bridge capital, rad group, remarkable accomplishments, wisair, international investors, klahr

By Robert Hoskins

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