Tuesday, May 18, 2010

Icera Raises $45 Million for Mobile Broadband Chips

Icera, a start-up based in Bristol, England, raised US$45 million in new funding for its mobile broadband semiconductors.

Icera supplies chipsets for mobile broadband devices, such as USB modem sticks and embedded modules for notebooks, netbooks, tablets and other emerging devices. Its "Adaptive Wireless" modem technology supports 3G (HSPA+, HSPA) and 2G (GSM, GPRS, EDGE) cellular voice and data. Support for LTE scheduled in the near future. Adaptive Wireless executes the entire modem in software on an Icera high performance processor.

The new funding round was supported by all existing preferred shareholders, including Accel Ventures, Amadeus Capital Partners, Atlas Venture, Balderton Capital and DFJ Esprit.

  • Icera was founded in 2002. The company is headed by Stan Boland. Prior to founding Icera, he was VP and GM of the DSL business unit of Broadcom. He assumed this role following the sale to Broadcom of Element 14, a start-up DSL silicon company, which Broadcom acquired for $640M in late 2000. At Element 14, Stan was founder, President & CEO.