& cplSiteName &

Bermai Butts Out

Light Reading
LR Mobile News Analysis
Light Reading
9/30/2004

Wireless LAN chip startup Bermai Inc. has abruptly shut its doors today, after its VC backers pulled the plug, Unstrung has learned.

A source says the company had been trying to close its series C round when investors decided enough was enough. Bermai had already collected $33 million in its first two rounds of funding from the likes of Advanced Technology Ventures (ATV), Blueprint Ventures, and Mobius Venture Capital (see Bermai Buffs Up).

Bermai hadn't returned calls by press time.

The company developed multimode wireless chips, which were said to be cheaper and smaller than other offerings, for the consumer electronics market. The source says that Bermai had just started shipping silicon and had signed up customers, after some production delays. But it was too little, too late.

As Unstrung noted when Bermai announced its second VC round, it was always going to be hard for the company to compete in a market packed to the brim with major vendors and startups already shipping second- or third-generation 802.11 chips.

But the speed of Bermai's demise may take some by surprise.

— Dan Jones, Site Editor, Unstrung

(0)  | 
Comment  | 
Print  | 
Related Stories
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
Upcoming Live Events
March 16-18, 2020, Embassy Suites, Denver, Colorado
April 20, 2020, Las Vegas Convention Center
May 18-20, 2020, Irving Convention Center, Dallas, TX
May 18, 2020, Hackberry Creek Country Club, Irving, Texas
September 15-16, 2020, The Westin Westminster, Denver
All Upcoming Live Events
Upcoming Webinars
Webinar Archive
Partner Perspectives - content from our sponsors
Challenges & Key Issues of Constructing 'MEC-Ready' 5G Bearer Networks for Carriers
By Dr. Song Jun, Senior Solution Architect, Huawei Datacom Product Line
Good Measures for 5G Service Assurance
By Tomer Ilan, Senior Director of Product Management, RADCOM
Automation Scores Against Operational Costs – The Business Benefits of Automation and Orchestration
By John Malzahn, Senior Manager, Service Provider Product Marketing, Cisco Systems
All Partner Perspectives