Monday, March 8, 2010

SiBEAM Raises $36.5 Million for 60 GHz Chips for WirelessHD

SiBEAM, a start-up based in Sunnyvale, California, raised $36.5 million in Series D funding for its 60 GHz CMOS chipsets for WirelessHD applications. The company's second generation 60 GHz wireless high definition chipsets are targeting the mainstream consumer electronics marketplace, as well as fund future projects for personal computing and mobile devices.

The second generation of SiBEAM's WirelessHD chipsets, which were brought into mass production earlier this year, support advanced features including 3D, HDCP and DTCP content protection that can be designed into A/V receivers, home theater-in-a-box systems, Blu-ray players, set-top boxes, media center PCs, and consumer laptops.

The new funding was led by Foundation Capital. All of SiBEAM's original investors contributed to this round including U.S. Ventures Partners (USVP) and New Enterprise Associates (NEA), joined by new partners in SiBEAM's success, Lux Capital and Hatteras Funds. Best Buy Inc, and Cisco have also contributed strategic equity investments to support SiBEAM's growth.


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