+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
*/
News Article

Sirific Wireless receives $18.8m in series C funding

News
Sirific Wireless has announced that it has secured $18.8 Million in a round of Series C funding expected to carry the company through to profitability.

Sirific Wireless has announced that it has secured $18.8 Million in a round of Series C funding expected to carry the company through to profitability. Sirific will utilize this round of capital to support the production launch of its NEXUS product line.

Dallas-based Hunt Ventures joined the round with current investors BDC Venture Capital, Celtic House, GrowthWorks, Intel Capital, TD Capital Ventures and Tech Capital Partners as a strategic investment to move Sirific's mobile communications semiconductor family, NEXUS, into production for consumer devices.

"Delivering single-chip RF HEDGE transceivers supporting 10.2Mbps, Sirific is well positioned to provide a solution for wireless-enabled consumer applications," said Jeff Williams, managing director of Hunt Ventures, and recently appointed director for Sirific. "We are impressed with the company's innovative technology, incisive focus and superb execution that we feel characterize a growing company and are pleased to co-lead this funding."

"Receiving this financing highlights the confidence that our investors have in our business model and customer relationships," said Mike Hogan, president and CEO of Sirific Wireless. "With this investment, Sirific is poised to take full advantage of the Tier One traction we have already established in the consumer handset space, allowing us to meet OEM delivery and production schedules. Additionally, Sirific will continue to deliver high-performance, low-power, low-cost CMOS silicon to maintain our momentum in key markets, including handsets, PDAs, network interface cards and laptops.

"The financing will also drive the continued development of Sirific's next generations of digital CMOS RF silicon, enabling the company to take advantage of expanding opportunities in both the low-cost and high-end 3.5G transceiver marketplace.

×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Silicon Semiconductor Magazine, the Silicon Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: