Provigent ups fourth round to $20M
March 31, 2008
SANTA CLARA, Calif. -- Provigent, a leading provider of System-on-a-Chip (SoC) solutions for the broadband wireless transmission market, announced today that it has increased the fourth round funding to $20 million.
Stata Venture Partners investment in the fourth round increased from $1 million to $4 million. In addition to Stata Venture Partners, Provigent’s technology investors include; Sequoia Capital, Pitango Venture Capital, Globespan Capital Partners, Ascend Technology Ventures, Magma Venture Partners, Delta Ventures, and Dr. Andrew Viterbi, co-founder of QUALCOMM.
"Provigent’s consistently growing and strong customer base is constant validation of its leading position as the merchant silicon provider in this growing market,” stated Ray Stata, co-founder and Chairman of Analog Devices. “The company’s aggressive execution of initiatives to support next generation wireless communication with Provigent proven technology such as PVG610 and PVG310 influenced the decision to increase Stata Venture Partners investment in the fourth round.”
Provigent Inc.
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