Ubicom secures $7 Million in Series 5 Financing

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Sunnyvale: Ubicom, a provider of 32-bit embedded , multithreaded processor and software solutions for communications and media applications, announced its Series 5 financing round totaling $7 million. The round saw participation from major investors including August Capital, Mayfield Funds, Levensohn Venture Partners, Lehman Brothers Ventures and Investcorp Technology Partners. A provider of processors for 802.11N wireless routers, Ubicom is now opening its platform to address adjacent market segments, including integrated access devices (IADs), enterprise access points, security VPN routers, VoIP products, digital photo frames, and digital media players. "The support of our investors in putting together this most recent financing underscores the technology and market momentum of our products," says Gangesh Ganesan, the newly appointed CEO of Ubicom. "We have a strong group of investors with a long-term vision for the company's continuing and accelerated growth in the 32-bit embedded CPU market. Our StreamEngine 7000 family of products, based on the UBICOM32 architecture, will be targeting the broader 32-bit communications, media and embedded markets." Janice Roberts of Mayfield Ventures said, "We believe Ubicom is poised for significant growth because of the compelling price-performance and power advantages of UBICOM32 in these markets." According to the market research firm DataBeans, the market for 32-bit embedded processors was estimated at $5.1 billion in 2008 and is forecasted to grow at 10 percent CAGR over the next five years.

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