Black Sand Closes $10M Series C Funding

AUSTIN, Texas -- Black Sand Technologies, Inc, a fabless semiconductor company specializing in advanced power amplifier technology for wireless applications, today announced that it has received US$10 million in third-round (series C) funding, as it ramps volume production of its range of silicon power amplifiers for use in 3G phones, tablets and datacards. The latest funding round was led by existing investors Northbridge Venture Partners and Austin Ventures.

“The enthusiastic commitment of our shareholders, placing $10 million in cash on the balance sheet, is a powerful endorsement of our strategy and our growing success in the market,” said John Diehl, CEO of Black Sand. “We are already shipping in volume to multiple customers, and this additional investment will allow us to take the company to the next level – in terms of new products and an expansion of the sales and technical team. We have demonstrated technology leadership and commercial performance: our investors have responded to that.”

Black Sand Technologies