Percello Raises $12M

Percello raises $12M to fund accelerated growth

September 9, 2008

1 Min Read

RA'ANANA, Israel -- Percello Ltd., an Israeli fabless semiconductor company, today announced the completion of a $12 million Series B financing. The company is developing baseband processors for the 3G and LTE femtocell market. A femtocell is a small cellular access point, typically designed for use in residential or small business environments, and the femtocell concept is considered a revolution in mobile network architecture.

The round was co-led by US-based Granite Ventures and Israel-based Vertex Venture Capital. The company also welcomed T-Mobile Venture Fund from Germany as a strategic investor. The capital raised will be used primarily to complete product development and to initiate sales and marketing activities.

The company's $6 million Series A was led by 7-Main Ltd. This capital was used to establish the team and the foundation of Percello.

"Percello is a market enabler via the PRC6000, which offers the highest level of integration, the most advanced features and the most efficient power consumption at the best price," said Percello CEO Shlomo Gadot. "These are all key product attributes necessary for new mass market cellular technologies."

Percello Ltd.

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