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Current investors joined by Agilent Technologies to show continued support for company's leading-edge data conversion integrated circuits
El Segundo, CA (October 2, 2003) TelASIC Communications, developer of RF, analog, mixed signal, and digital integrated circuits (ICs) and the BaseFlex™ chipset for wireless base stations, today announced the closing of a $35 million Series C funding round. The round is led by Raytheon Company and top-tier venture capital firms ComVentures, Mission Ventures, and Redpoint Ventures, all of whom are current investors in the company. In addition, the round includes a new strategic investment by Agilent Technologies (NYSE: A). In January 2002, the company closed its initial $22.5 million funding round, which included a strategic investment by IBM. The combined total venture capital raised by TelASIC to date now stands at $57.5 million.
Since its spin-off from Raytheon in 2001, TelASIC has introduced three high-performance data conversion ICs, as well as the recently announced BaseFlex chipset. Two of TelASIC's new ICs, the TC1411 analog-to-digital converter and TC2411 digital-to-analog converter, each set new performance standards for comparable products and are still the leading performers in their respective categories. The BaseFlex chipset is the world's first cost-effective wideband radio chipset to support all major cellular air interface standards, enabling a universal base station architecture. TelASIC's ICs are used in a variety of applications that rely on extremely high-performance conversion of data between analog and digital signals, including test and measurement equipment, wireless base stations, and a variety of defense electronics applications.
In addition to continuing research and development, funds from the investment will be used to aggressively market TelASIC's family of ICs and its BaseFlex chipset.
"State-of-the-art data converter technology is fundamental to our product solutions and technology investments," said Tom Burrell, vice president and general manager of Agilent's Signal Analysis Division. "Agilent is uniquely positioned to take full advantage of the exciting technology advances TelASIC is providing for this fast moving market place."
Media Contact
Ashis Khan
E-mail: info@telasic.com
Phone: +1 310 955 3757
About TelASIC Communications
TelASIC Communications (www.telasic.com) is a leading developer of Remote Radio Head (RRH) products for WCDMA/HSDPA and WiMAX/LTE infrastructure. TelASIC’s highly power-efficient RRHs enable transmission of high output power, which is essential for delivering high data rates and coverage required for mobile TV/video/audio/data-centric 3G data services. The company’s products are based on its world-leading expertise in signal processing algorithms for power amplifier linearization and high performance data converters purpose-built for WCDMA/HSDPA and WiMAX/LTE transmission.
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