WiSpry, a developer of programmable RF semiconductor products for the wireless industry, says it has closed an additional $10 million of Series C financing, bringing the total round to $20 million. The round was led by Chart Venture Partners and Acadia Woods Partners. Investors from the previous round include Paladin Capital and Murata.
The Irvine, Ca., based company says its technology address the inevitable fact that carriers are eventually going to expand into new frequency bands, often with new differentiated services in each. These could range from VoIP to broadband services like WiMAX. WiSpry’s technology allows phone developers to integrate low-loss, tunable RF components so they can communicate with these frequency bands.
Last year, WiSpry said it was working with one of the largest cell phone manufacturers in the world. That’s as far as the details went – WiSpry would not disclose which one.
It seems WiSpry has plenty of business lined up and it’s ready to make use of the investment quickly. The company said it will use the funding to expand the company’s operations, engineering and applications support structure as it begins production shipments to wireless handset OEMs and ODMs this summer. Russ Garcia, CEO of WiSpry said, “This investment aligns well with our ramp-to-volume production plan as we are moving forward with the productization of our first products and as we have customer commitments now in place for new product developments slated for 2010 production and beyond.”
Founded in 2004, WiSpry has raised almost $50 million in VC funding to date.
