Wednesday, September 5, 2007

TelASIC Raises $12.5 Million

TelASIC Communications, a start-up based in El Segundo, California, raised $12.5 million in new funding for its high-performance analog and mixed-signal integrated circuits (ICs) and sub-systems for the 3G wireless infrastructure market. TelASIC sells Remote Radio Head products to base station OEMs. The technology has been successfully deployed in live HSDPA/WCDMA networks serving 3G customers today.

The new funding was led by ATA Ventures. The current TelASIC investors, including Mission Ventures, Redpoint Ventures, and The IPO Group also participated in the round.

TelASIC is growing its customer base for its Remote Radio Head products and it plans to use the funding to expand the manufacturing operations and customer support organization required to serve its growing customer base.

  • TelASIC was spun out of Raytheon in 2002. The company's ASICs incorporate Raytheon's radio frequency (RF) technology used in defense applications.

  • TelASIC is headed by Prabhat K. Dubey, who previously founded Force10 Networks. Before that, he was President and CEO of MMC Networks, a company that created the "Network Processor" category for switching/routing infrastructure equipment and was acquired by AMCC for $4.5 billion.