Fabless semiconductor company Provigent today announced it has increased the third round funding to $10 million and the total amount raised thus far to $21 million.
Provigent is a fabless provider of system-on-a-chip (SoC) solutions for the broadband wireless transmission industry.
Providing the additional funding were all of Provigent’s previous third-round investors: Sequoia Capital, Pitango Venture Capital, Magnum Communications Fund, Ascend Technology Ventures, Delta Ventures, and Andrew Viterbi, co-rounder of QUALCOMM.
Provigent CEO Dan Charash said, “The new funding will let us further expand our customer base and work with our customers in pursuing the industry’s most aggressive silicon roadmap.”
“In a very short time, we’ve seen Provigent make significant strides to becoming a major provider of off-the-shelf silicon to the wireless transmission market,” said Pitango Venture Capital managing general partner and co-founder Nechemia (Chemi) J. Peres.
Published by Globes [online], Israel business news - www.globes.co.il - on Wednesday, March 23, 2005