View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 23, 2005

TelASIC raises $35m as demand for 3G base stations grows

TelASIC Communications, a Raytheon spin-off that specializes in chipsets and integrated circuits for wireless base stations, has closed a $26m Series D round of financing.

By CBR Staff Writer

ComVentures led the round, and existing investors Mission Ventures, The IPO Group, Agilent Technologies and Redpoint Ventures also participated. TelASIC will use the additional funds to ramp up volume production and bolster key organizational functions as it continues to grow.

Essentially, El Segundo, California-based TelASIC makes chips for base stations. Its chips and ICs are designed to make base stations more programmable to simplify the design of the systems, as well as to make them flexible enough to handle multiple standards.

The company points to growing numbers of mobile operators deploying third generation, or 3G, technologies to meet more demanding market requirements. It claims to offer the most power efficient and cost-effective solution for next generation wireless infrastructure equipment. Indeed, TelASIC’s technology accommodates a wide range of wireless protocols, such as W-CDMA, CDMA2000, WiMAX, and WiBRO, on a single platform.

The latest tranche of funding follows the $35m Series C investment back in October 2003. In January 2002, it raised $22.5m in a Series B funding round, which included an investment by IBM, which gained an equity stake in the company.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.