Motia completes $12 million third round of financing led by Prism Venture Partners

June 21, 2004

1 Min Read

STAMFORD, Conn. -- Motia, Inc., a fabless semiconductor company focused on enabling smart antennas with RFICs, today announced that it has closed its third round of funding, totaling $12 million. The round was led by Prism Venture Partners and also includes an investment from the Intel Communications Fund. All previous investors, including Axiom Venture Partners, Carrot Capital and Kodiak Venture Partners also participated in this round.

"The industry has come to realize that cost effective smart antenna silicon products are key enablers of superior quality wireless networks," said Paul Sun, CEO and President of Motia, Inc. "Our customers believe in Motia's standards-compliant smart antenna approach. With our Javelin(TM) Wi-Fi solution and our Cross Country(TM) reference design for mobile, in-motion satellite TV, we are well-positioned to be the leading smart antenna RFIC solution provider."

Motia's standards-compliant Javelin semiconductor works with any existing baseband and RF chipset, and easily integrates into customers' existing products, providing vendors enhanced performance and up to four times more range in their Wi-Fi products. Javelin has been selected by market innovators such as Motorola and Hawking Technologies for integration into their existing and pending Wi-Fi products.

"Motia has delivered on the potential of smart antenna technology with its Wi-Fi and mobile video products," added Robert Fleming, Founder and General Partner at Prism Venture Partners. "In addition, Motia's technology and unique market positioning will enable the company to be an important smart antenna IC player across the wireless spectrum."

Motia

Prism Venture Partners

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