HelloSoft completes $16 M series B financing round

By agencies   |   Thursday, 30 June 2005, 07:00 Hrs
Printer Print Email Email
SAN JOSE: Krishna Yarlagadda managed HelloSoft, a supplier of signal processing technology and software-defined radio (SDR) solutions for VOIP, Wi-Fi, Cellular, and converged markets, announced today the closing of an oversubscribed $16 million series B financing. This round is led by Boston-based TD Capital Ventures with the participation from new investors Mitsui & Company Venture Partners, Entrepia Ventures, and current investors, including Venrock Associates, Sofinnova Ventures and Jump Startup.

"This latest round of funding demonstrates investors’ confidence in our management team, strategy and roadmap. The new investment will help HelloSoft accelerate its development of CelluLANTM for the burgeoning mobile multi-mode handset market. With its experienced team and a innovative technology portfolio, HelloSoft will continue focusing on the world's most advanced low-cost and low-power solutions," said Krishna Yarlagadda, CEO.


SPOTLIGHT
IBM announces programme
n a bid to recognise the contribution of developers in the open source community, Information ..
Google's Gboard gets offline
Google is adding an Artificially Intelligent (AI) offline dictation feature on its Gboard keyb..
Wipro opens third industrial
IT major Wipro Ltd on Thursday opened its centre of excellence for Industrial Internet of Things (..
Facebook denies cyber attack
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suf..