TelASIC Pockets $35M

TelASIC Communications' Series C round was led by ComVentures, Mission Ventures, Raytheon, and Redpoint Ventures, with a strategic investment from Agilent

October 2, 2003

2 Min Read

EL SEGUNDO, Calif. -- TelASIC Communications, developer of RF, analog, mixed signal, and digital integrated circuits (ICs) and the BaseFlex(TM) chipset for wireless base stations, today announced the closing of a $35 million Series C funding round. The round is led by Raytheon Company and top-tier venture capital firms ComVentures, Mission Ventures, and Redpoint Ventures, all of whom are current investors in the company. In addition, the round includes a new strategic investment by Agilent Technologies (NYSE:A) . In January 2002, the company closed its initial $22.5 million funding round, which included a strategic investment by IBM. The combined total venture capital raised by TelASIC to date now stands at $57.5 million.

Since its spin-off from Raytheon in 2001, TelASIC has introduced three high-performance data conversion ICs, as well as the recently announced BaseFlex chipset. Two of TelASIC's new ICs, the TC1410 analog-to-digital converter and TC2401 digital-to-analog converter, each set new performance standards for comparable products and are still the leading performers in their respective categories. The BaseFlex chipset is the world's first cost- effective wideband radio chipset to support all major cellular air interface standards, enabling a universal base station architecture. TelASIC's ICs are used in a variety of applications that rely on extremely high-performance conversion of data between analog and digital signals, including test and measurement equipment, wireless base stations, and a variety of defense electronics applications.

In addition to continuing research and development, funds from the investment will be used to aggressively market TelASIC's family of ICs and its BaseFlex chipset.

"State-of-the-art data converter technology is fundamental to our product solutions and technology investments," said Tom Burrell, vice president and general manager of Agilent's Signal Analysis Division. "Agilent is uniquely positioned to take full advantage of the exciting technology advances TelASIC is providing for this fast moving market place."

TelASIC Communications Inc.

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