Provigent takes $10M for wireless chips
Chip maker Provigent received $10 million in fifth-round funding, all from Lightspeed Venture Partners, to develop chips for 4G cellular base stations and wireless applications. The funds will also be used to extend sales efforts globally — the Santa Clara, Calif.-based company is already active in Europe and Asia.
Provigent has raised $51 million to date from the likes of Ascend Technology Ventures, Delta Ventures, Globespan Capital Partners, Magma Venture Partners, Pitango Venture Capital, Sequoia Capital, Stata Venture Partners and Viterbi Group. It last raised capital in March, taking $3 million from Stata to cap off a fourth round worth $20 million.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.