Sequans raises $28M for WiMAX chips
Sequans is a manufacturer of all kinds of chips for the WiMAX industry, from various base stations and terminals to personal chips for computers or mobile devices.
The company is based in Paris but also has offices in Cupertino. It has partnerships with Motorola and Alcatel-Lucent, who previously made undisclosed strategic investments in the firm.
Investment bank NATIXIS led the $28 million funding, with participation from Swisscom and Reliance Technology Ventures Limited. Sequans had also taken a round of $9 million in 2005.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.