Ubicom rakes in $7M for home networking processors
Processor provider Ubicom, known for making silicon chips used in consumer products like wireless routers, announced that it raised $7 million in a fifth round of financing from August Capital, Mayfield Fund, Levensohn Venture Partners, Lehman Brothers Venture Partners and Investcorp Technology Partners. This brings its total capital raised close to $140 million since its founding in 1996.
Also big news for Sunnyvale, Calif.-based Ubicom is the promotion of Gangesh Ganesan, formerly vice president of sales and marketing, to the chief executive post. The company has 83 employees.
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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.
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