WiSpry Takes $13.5M

WiSpry as closed a $13.5-million Series B round of financing, led by new company investor L Capital Partners

October 17, 2006

1 Min Read

IRVINE, Calif. -- WiSpry, Inc., the fabless semiconductor company developing dynamically tunable radio frequency integrated circuits (RFIC) for wireless devices, has closed a $13.5-million Series B round of financing, led by new company investor L Capital Partners.

Participating in the round was other new investor Hotung Capital Management and existing investors American River Ventures, Blueprint Ventures, In-Q-Tel, Tech Coast Angels and Western Technology Investment.

Says WiSpry co-founder and CEO Jeff Hilbert: “The company’s patented CMOS-compatible manufacturing process makes us the first fabless semiconductor company to enable high-volume, low-cost commercial production of fully integrated RF-MEMS (micro-electro-mechanical systems) devices. As a result, we will deliver next-generation performance at prices competitive with traditional integrated circuits.

“The financing will fund continued growth as we ramp the development, production and sales of our integrated RF-MEMS-enabled CMOS products for the mobile handset market,” he continues, adding that the company’s proprietary products “will eliminate the need for multiple RF paths required in multi-standard, multi-band applications, including ‘global’ mobile phones, mobile wireless subsystems and wireless base stations.”

John Levy, partner, L Capital Partners, says: “There is a huge market opportunity with the trend toward multi-standard, multi-band wireless devices. While wireless industry standards continue to evolve and grow in number and complexity, WiSpry’s products have proven compatible with GSM, CDMA, W-CDMA, Wi-Fi/WiMAX and WiBro standards, and optimally function at more and higher frequencies than products on the market today.

“Working with the top handset manufacturers, WiSpry has achieved impressive milestones in reliability, testing and packaging,” continues Levy, who heads the technology sector investment team at the venture firm. “This is what convinced us that their products could be successfully commercialized.”

WiSpry Inc.

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