Monday, February 25, 2008

Wisair Secures $24 Million for UWB

Wisair, a start-up based in Tel-Aviv, secured $24 million in new funding for its single-chip based Ultra Wideband (UWB) and Wireless USB (WUSB) solutions.

Wisair's product set includes a single-die CMOS chip for both host and device Wireless USB applications. The production-ready chip, based on WiMedia and Certified Wireless USB standards, integrates UWB PHY (including RF), MAC and Wireless USB subsystems. The device could enable a range of Wireless USB applications, including battery-powered, portable devices. The device is implemented in digital CMOS process and supports HWA, DWA and Native device protocols, and features SDIO and USB interfaces, isochronous data transfer and cable and numeric association models. Wisair has previously noted that its chip can deliver full-room coverage with connectivity ranges of 8 meters at 480Mbps and over 20 meters at 200 Mbps.

The financing included four new international investors and was led by Susquehanna Growth Equity (SGE), a US-based private equity fund investing in growth capital and late stage venture opportunities. SGE was joined by European-based Advent Venture Partners ('Advent Ventures'), Bridge Capital Fund of Japan (an affiliate of Nikko Antfactory), and Yasuda Ventures. Existing Wisair investors also participated, and included Apax Partners, Broadcom, Intel Capital, Vertex, and Zisapel brothers from the RAD group.