picoChip, a leading supplier of wireless silicon solutions, announces that it has secured US$20.5mn in its third round of funding.  New lead investor Scottish Equity Partners is joined by Rothschild and Intel Capital, along with previous investors Pond Venture Partners and Atlas Venture.  The new funding will be used to support the company’s growth in next-generation wireless silicon and software. The company plans to use this funding to expand on its success in WiMAX and to deliver products for WCDMA., TD-SCDMA and other wireless solutions. The funding round brings the total investment in picoChip to US$41.5mn and makes picoChip the second highest funded private semiconductor company in Europe.
www.picochip.com