SiGe Semiconductor secures $42.8 million funding
SiGe Semiconductor s ICs use SiGe technology to improve performance, battery life and size of a wide range of wireless and broadband products. These include Bluetooth-enabled portable devices, WLAN access points, high-speed optical interfaces, GPS systems, cordless telephones, and 2G, 2.5G and 3G cellular handsets.
SiGe Semiconductor has delivered over five million ICs to a customer base that includes Alps, Arris, Bromax, Gemtek, LG Innotek, Micro-Star, Microtune, Photon, Samsung Electro-Mechanics, and Stratos Lightwave. The company has headquarters in Ottawa, Canada, is registered in Delaware, and has operations in Boston, San Diego, Hong Kong and London.
"We are proud of our continued successes in light of current market conditions," said Jim Derbyshire, president and CEO of SiGe Semiconductor. "We ve followed the right strategy in diversifying our product lines into markets where our core technology, SiGe, provides significant advantages. This has both protected our company from the downturn, and fueled our growth."
The lead investor was Boston-based TD Capital Technology Ventures, joined by new US investors 3i US and Prism Venture Partners, along with returning investors VenGrowth Capital Partners, CDP Capital - Technology Ventures, Business Development Bank of Canada (BDC), Capital Alliance Ventures, and Canadian Science & Technology Growth Fund.
