MOUNTAIN VIEW, Calif. -- Ubicom(r), Inc., a leading provider of wireless communications processor and software platforms, today announced the completion of its Series 3 financing round totaling $20 million. Led by Investcorp Technology Ventures (ITV), this new round of financing also includes the company's existing investors. T. Raj Singh, a partner at ITV, will join the Ubicom board of directors in connection with the financing.

The funding will be used to expand Ubicom's presence in the 802.11 wireless networking market, focusing on high growth consumer products such as wireless routers, integrated access devices (IADs), VoIP products, digital media players and print servers.

"We are excited about Ubicom's unique processor architecture and innovative software offering," said Mr. Singh of Investcorp Technology Ventures. "We believe the company is poised for significant growth, especially in light of the impending transition to 802.11n and multimedia applications, where Ubicom's technology is ideally positioned."

In January, Ubicom announced its new StreamEngine(r) 5000 communications and media processor at the Consumer Electronics Show to widespread industry acclaim.

Doug Spreng, chairman and CEO of Ubicom, said: "Our third-generation processor has unprecedented price/performance compared to competing MIPS and ARM solutions, and is coupled with highly reliable and innovative software. We believe Ubicom will lead the transition to 802.11n in the digital home, where both high performance and pristine handling of online and multimedia traffic are becoming basic requirements."

Demonstrating their continuing commitment to Ubicom, existing investors participating in this round of financing include August Capital, Mayfield, Levensohn Venture Partners, JatoTech and Dado Banatao as a private investor. The board of directors is now comprised of Doug Spreng as chairman of the board, Mr. Singh from ITV, Andy Rappaport of August Capital, Janice Roberts of Mayfield and Pascal Levensohn of Levensohn Venture Partners.

Ubicom Inc.