HelloSoft completes $16 M series B financing round
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HelloSoft completes $16 M series B financing round

By agencies   |   Thursday, 30 June 2005, 07:00 Hrs
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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 investorsÂ’ 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.

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