Monday, February 2, 2009

Wavesat Raises C$11.7 million for its Multi-Protocol 4G Silicon

Wavesat raised $11.7 million (CAD) for its broadband wireless semiconductor solutions. Wavesat's Odyssey 4G multi-protocol architecture supports multiple broadband wireless technologies such as WiMAX Wave2 and XG-PHS while offering a migration path to LTE. In recent months, Wavesat announced that Compal, a leading ODM for handheld devices, selected the Odyssey for mobile WiMAX USB dongles. Also, Willcom, a large wireless network operator in Japan, has chosen Wavesat to help develop XG-PHS services and equipment in that country.

The new funding was led by existing investors led by BDR Capital, BDC Capital and Multiple Capital participated in the round.

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