Monday, February 12, 2007
Sirific Wireless Receives $18.8M in Series C Funding
Hunt Ventures Joins Returning Investors to Take the NEXUS Family of HSDPA Transceivers to Volume Production
RICHARDSON, TEXAS. February 12, 2007 - Sirific Wireless, a fabless provider of single-chip, multi-band CMOS RF transceivers for the 3.5G market, today announced that it has secured $18.8 Million in a round of Series C funding expected to carry the company through to profitability. Sirific will utilize this round of capital to support the production launch of its NEXUS product line, including the SW3200 and SW3210 HEDGE (HSDPA, WCDMA, EDGE, GPRS, GSM) transceivers.
Dallas-based Hunt Ventures joined the round with current investors BDC Venture Capital, Celtic House, GrowthWorks, Intel Capital, TD Capital Ventures and Tech Capital Partners as a strategic investment to move Sirific's mobile communications semiconductor family, NEXUS, into production for consumer devices.
"Delivering the world's first single-chip RF HEDGE transceivers supporting 10.2Mbps, Sirific is well positioned to provide the solution of choice for wireless-enabled consumer applications," said Jeff Williams, managing director of Hunt Ventures, and recently appointed director for Sirific. "We are impressed with the company's innovative technology, as well as the strong leadership, incisive focus and superb execution that we feel characterize a growing company and are pleased to co-lead this funding."
The SW3200 and SW3210 (with Receive Diversity) incorporate Sirific's unique low-noise, wide-band direct up-/down-conversion architectures and patented frequency synthesizer design. These advanced 130-nm CMOS RFIC architectures, coupled with the application of innovative digital CMOS design techniques, enable Sirific¹s transceivers to achieve the highest levels of integration and performance with a reduction in current consumption. The result is a low-power, high-performance multi-band RF transceiver that enables a complete radio solution in the smallest footprint with the least number of components.
"Receiving this financing highlights the confidence that our investors have in our business model and customer relationships," said Mike Hogan, president and CEO of Sirific Wireless. "With this investment, Sirific is poised to take full advantage of the Tier One traction we have already established in the consumer handset space, allowing us to meet OEM delivery and production schedules. Additionally, Sirific will continue to deliver high-performance, low-power, low-cost CMOS silicon to maintain our momentum in key markets, including handsets, PDAs, network interface cards and laptops."
The financing will also drive the continued development of Sirific's next generations of digital CMOS RF silicon, enabling the company to take advantage of expanding opportunities in both the low-cost and high-end 3.5G transceiver marketplace.
About Sirific Wireless Limited
Sirific Wireless Limited is a privately held fabless semiconductor company that designs and develops CMOS RF transceiver integrated circuits for multi-mode mobile devices. Sirific is Advancing RF CMOS™ with a broad portfolio of single-chip 3.5G products that exceed today's industry standards to satisfy the requirements of tomorrow¹s wireless applications. The company is headquartered in Richardson, Texas, with offices in the United States, Canada and Korea. For more information about Sirific Wireless visit http://www.sirific.com.