Monday, June 20, 2005

HelloSoft Raises $16 Million for Software-defined Radio

HelloSoft, a start-up based in San Jose, California with developers in Hyderabad, India raised $16 million in series B financing for its signal processing technology and software-defined radio (SDR) solutions for VOIP, Wi-Fi, cellular, and converged markets. HelloSoft is targeting its CelluLAN technology for the mobile multi-mode handset market.

This round is led by Boston-based TD Capital Ventures with the participation from new investors Mitsui & Company Venture Partners, Entrepia Ventures, and current investors, including Venrock Associates, Sofinnova Ventures and Jump Startup.

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