Mimix raises $6.7 million in Series B round
Proceeds will be used to expand Mimix s product portfolio of highly integrated and high power MMICs for the microwave and millimeter-wave wireless communication markets.
"This second round of institutional funding allows us to aggressively continue building out our product portfolio and serving our expanding list of customers," stated Rick Montgomery, CEO of Mimix Broadband.
"Our strategy is to provide industry-leading, high power and multifunction MMIC devices designed for superior performance. We see our MMIC products as revolutionary technology that is enabling market growth."
"We believe that Mimix s innovative approach to integrating several functions on a single chip enables the market to achieve significant cost reductions and technological improvements," stated Marko Maschek, director at 3i and member of Mimix s Board of Directors.
"Our continued investment in Mimix supports our strong belief in the Company s product development and management team, which is validated by the traction the Company has gained with the world s largest MMIC customers."
