Thursday, August 9, 2012

Peregrine Semiconductor IPO

As reported by Dan Primack at FORTUNE:

Peregrine Semiconductor Corp., a San Diego-based provider of RF CMOS and mixed-signal communications ICs, raised $77 million in its IPO. The company priced 5.5 million shares at $14 per share (low end of $14-$16 range), for an initial market cap of approximately $353 million. It will trade on the NYSE, while Deutsche Bank Securities and J.P. Morgan served as co-lead underwriters. Peregrine reports a $3 million net loss on around $80 million in revenue for the first six months of 2012. It had raised over $120 million in VC funding since 1990. Current shareholders include Morgenthaler Ventures (14.07% pre-IPO stake), Ridgewood Partners (10.32%), Advanced Equities (10.87%), Palisades Ventures (6.18%) and Technology Venture Partners (6.03%). The U.S. SBA also held a 10.61% pre-IPO stake, as receiver for Wasserstein Adelson Ventures. www.peregrine-semi.com

Tuesday, July 3, 2012

Intel Capital Leads Sand 9 Series C Investment

Sorry for the old news.....a bit behind.

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Sand 9, Inc., a MEMS technology company developing precision timing products for wireless and wired applications, today announced it has raised a total of $23 million in its Series C financing round led by Intel Capital with significant participation from Vulcan Capital. Intel Capital and Vulcan Capital join existing investors Commonwealth Capital Ventures, Flybridge Capital Partners, General Catalyst Partners, Khosla Ventures and CSR. Sand 9 will use funds to ramp volume production as they go to market and to rapidly expand their product portfolio.

Micro-electromechanical systems (MEMS) timing devices are ‘miniature machines’ that ensure synchronicity and stable operation in complex electronic devices, from smartphones and tablets to industrial test and measurement systems and communications infrastructure equipment. Sand 9’s MEMS timing-device platform is the industry’s first to achieve the stringent phase noise and short-term stability requirements for wireless and wired applications. The spurious-free resonator design – which can enhance network efficiency due to reduced packet loss – can result in fewer dropped calls. Combined with high immunity to noise, shock and lead-free reflow temperatures, the Sand 9 high-precision platform addresses Temperature Compensated Crystal Oscillator (TCXO) weaknesses that system designers have been forced to work around for decades.

“The MEMS oscillator market is still at a nascent stage, representing less than one percent of the total timing market of $6.3 billion,” said Tony Massimini, chief of technology, Semico Research. “By offering drop-in replacement – and technical benefits over established silicon quartz crystal timing devices – MEMS companies have already begun to capture market share from the legacy suppliers: quartz crystal manufacturers. Sand 9 is broadening the competition for this exciting segment of the MEMS market.”

“Sand 9’s precision MEMS technology has the potential to address the limitations of quartz timing products and substantially improve the performance, quality and cost of mobile devices while making them easier to design and manufacture” said David Flanagan, managing director, Intel Capital. “We look forward to working with Sand 9’s outstanding team, and welcome them as a new Intel Capital portfolio company.

“Intel Capital’s depth of knowledge and attention to detail have been extremely beneficial to Sand 9 as we migrate from research and development toward shipping product into the market,” said Vince Graziani, CEO, Sand 9. “This significant infusion of capital will enable us to commercialize our first product, ramp volume production and rapidly execute on expanding our product portfolio to service broader market needs.”

As part of the funding, Intel Capital appointed Dr. Siva Sivaram, an industry veteran with significant semiconductor process and operational experience as well as founder and CEO of Twin Creeks Technologies, Inc., to join the Sand 9 Board of Directors.

About Intel Capital

Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, health, consumer Internet, digital media, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$10.6 billion in over 1,234 companies in 51 countries. In that timeframe, 199 portfolio companies have gone public on various exchanges around the world and 297 were acquired or participated in a merger. In 2011, Intel Capital invested US$526 million in 158 investments with approximately 51 percent of funds invested outside the U.S. and Canada. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.

About Sand 9

Founded in 2007, Sand 9 is a privately held technology company based in Cambridge, MA. Offering a precision MEMS technology platform that enhances quality and performance, simplifies system design, and promotes space and power savings in integrated electronic systems, Sand 9’s broad patent portfolio has the potential to transform wireless and wired systems in a wide range of market segments: mobile, industrial and communications. For more information on Sand 9, please contact us via phone: 617.453.2451, fax: 617.453.2469, email: info@sand9.com or web: www.sand9.com.

Toumaz acquires Frontier Silicon

Toumaz Limited (AIM: TMZ, ‘Toumaz, or ‘the Group’), a pioneer in and provider of ultra-low power, high-performance wireless communications technologies and solutions, has agreed to acquire Frontier Silicon Limited, a leading supplier of semiconductor, module and software solutions for digital radio and connected audio systems, for a maximum consideration of up to £32.3m.

The Group also announces the conditional placing of 285.6m new Ordinary Shares at a placing price of 10.25 pence, raising £29.25m before expenses. The shares have been placed at a premium by finnCap with both new and existing institutional investors.

Monday, June 18, 2012

Qualcomm Acquires Summit Microelectronics

SAN DIEGO – June 18, 2012 – Qualcomm Incorporated (NASDAQ: QCOM) today announced that it has acquired Summit Microelectronics (Summit), a leading developer and provider of programmable power integrated circuits based in Sunnyvale, CA. Qualcomm’s power management roadmap will be significantly enhanced with the addition of Summit’s expertise and products. As a result of the acquisition, Qualcomm will be able to offer a robust portfolio which will address a broader set of customers and complex design challenges. All employees of Summit Microelectronics have joined Qualcomm’s CDMA Technologies division.

The demand for more sophisticated battery management is critical in a world of increasingly smart devices with advanced computing capabilities, large high-resolution screens, and advanced modem technologies (e.g. 4G LTE). Summit Microelectronics is a leader in providing flexible, highly integrated power management solutions combining precision power regulation with sophisticated digital control in a single chip. In particular, the Company’s fast charging solutions are found in a variety of leading mobile phones, tablets, and e-readers.

“Summit Microelectronics brings key expertise, technology, products, and design wins in battery charging and DC-DC converters,” said Steve Mollenkopf, president and COO of Qualcomm. “This acquisition enhances the competitiveness of Qualcomm’s chipset solutions and enables us to provide our customers with industry leading power management and charging performance.”

Tuesday, June 5, 2012

Alereon Announces $6 Million Cash Infusion

AUSTIN, Texas--(BUSINESS WIRE)--Alereon, Inc., today announced they have closed on $6 million dollars of additional financing led by Enhanced Capital Partners with participation from Alereon’s current investors Pharos Capital Partners and Duchossois Technology Partners. The infusion of capital will allow expansion of Alereon’s current wireless monitor docking station technology used in products such as the Samsung Central Station and the newly introduced Samsung Smart Station as well as the development of new technologies for industrial, medical, networking and gaming products.

“As the world leader in Ultra Wideband (UWB) wireless technology our customers are continuing to count on us to provide them with leading edge wireless solutions,” said Eric Broockman, Alereon CEO. “This capital will be used to provide support for new wireless monitor docking station customers looking to capitalize on the increased shipments of tablets and ultrabooks with their reduced number of ports, yet need to connect to the same monitor and peripherals as laptops as well as expand our offerings in industrial applications.”

“Alereon continues to be a world leader in UWB short range wireless technology,” said Rafael Castro, Enhanced Capital Director. “Enhanced Capital is excited to be able to provide them the capital to expand their current business and customer base as well as help them expand their current markets.”

Alereon is continuing to advance UWB technology providing both new OS and protocol support for current products as well as developing next generation products increasing speed and quality of service. The recent addition of Apple OS support has allowed Alereon current customers to increase wireless monitor docking station penetration in both the consumer and commercial markets.

In addition Alereon’s recent addition of TCP/IP protocol over UWB as an alternative to the original wireless USB protocol provides Alereon with the product portfolio to address new markets where current Wi-Fi solutions performance and functionality cannot meet customer wireless requirements. These include industrial, medical, military and gaming products where Quality of Service is critical and the increased saturation of Wi-Fi traffic makes guaranteeing video performance near impossible.

Finally, Alereon has also recently announced the development of next generation AL7350, an advanced UWB radio that is capable of achieving 1Gbps PHY rates at short range on the desktop and 2X extended range versus earlier WiMedia 1.1 compliant UWB chipsets. The AL7350 implements the more advanced WiMedia 1.5 specification together with maximum ratio combining. The new 1Gbps chip is currently in alpha sampling and will be sampling for general sampling in mid-2012.

About Alereon, Inc.

Alereon, Inc. is a fabless semiconductor company using industry standard Ultra Wideband (UWB) radio technology to develop low-power, blazing fast wireless solutions ideal for connecting media rich products and displays. Alereon’s mission is to enable consumers to simply and wirelessly stream real-time video and data from consumer electronics to HDTVs, monitors and laptops. For more information visit www.alereon.com.

About Enhanced Capital Partners, Inc.

Enhanced Capital Partners, Inc. (www.enhancedcapital.com) is a diversified, national private investment firm specializing in investments in small and mid-sized companies to further economic development in strategic areas. ECP manages over $350 million from its headquarters in New York City and through its regional offices in New Orleans, Austin, Birmingham, Denver, Jackson Hole, Nashville, New Haven, Tampa and Washington, D.C.

Friday, June 1, 2012

Nanoradio acquired by Samsung

SEOUL, Korea and KISTA, Sweden – June 1, 2012 – Samsung Electronics Co. Ltd., a world leader in advanced semiconductor solutions, announced today that it has acquired Nanoradio AB, a developer of ultra low power Wireless LAN chipsets for high-speed wireless access in mobile phones.

Headquartered in Kista, Sweden, Nanoradio has approximately 60 employees and extensive experience in the wireless industry. In particular, Nanoradio specializes in developing small form factor high performance Wi-Fi chipsets with low power consumption for cellular platforms.

About Samsung Electronics Co., Ltd.

Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2011 consolidated sales of US$143.1 billion. Employing approximately 206,000 people in 197 offices across 72 countries, the company operates two separate organizations to coordinate its nine independent business units: Digital Media & Communications, comprising Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, and Digital Imaging; and Device Solutions, consisting of Memory, System LSI and LED. Recognized for its industry-leading performance across a range of economic, environmental and social criteria, Samsung Electronics was named the world’s most sustainable technology company in the 2011 Dow Jones Sustainability Index. For more information, please visit www.samsung.com.

About Nanoradio AB

Nanoradio designs semiconductors with wireless capability for the cellular and handheld market where buying decisions relate to power consumption, stability, physical size, and total cost for customers.

Nanoradio has developed the most integrated circuits that bring outstanding WLAN capabilities into m obile phones and consumer multimedia electronics. Nanoradio ́s Wi-Fi chips target a range of applicati ons, including mobile phones, wireless network cameras for home surveillance, Portable Media Player s and gaming devices. Another big area for Nanoradio is the growing fixed-mobile convergence mark et with dual-mode phones.

The company was founded in March 2004 and it is a "fabless" company meaning that all manufacturi ng is outsourced. Nanoradio has a leading team of extensively experienced technologists from the cel lular and wireless industry as well as semiconductor industry and start-ups. Nanoradio is headquartere d in Kista, Sweden with sales offices in Korea, China, Japan and USA.

Nanoradio is backed by Viking Venture, Creandum, Industrifonden, Nordic Venture Partners, Ferd Capital, In novacom, Anchor Capital and Teknoinvest.

Wednesday, May 30, 2012

Qualtré Closes $10M Round

MARLBOROUGH, Mass.--(BUSINESS WIRE)--Qualtré Inc., a leading provider of feature rich and high performance inertial sensors for cutting edge consumer and industrial applications, announced the closing of a $10M round of financing. The new funding will enable the company to launch multiple products targeting both high-volume consumer and industrial applications. These products are based on the company’s highly differentiated BAW gyroscope architecture, which underscores the versatility of the company’s core technology. The round consists of equity financing from Matrix Partners and Pilot House Ventures, as well as debt financing from Eastward Capital Partners.

“We are seeing tremendous interest from both top tier customers as well as strategic partners,” explained Edgar Masri, CEO of Qualtré. “We attribute this to the fact that people recognize the strengths of our fundamental technology, and they also believe that our differentiated BAW technology is much safer in terms of intellectual property rights and long-term supply assurance than the tuning fork gyros implemented by other companies. We believe that we have the only technology which can provide the performance scaling and environmental robustness needed for applications ranging from consumer to high-end IMU’s. We will use this funding round to develop products for key applications which can benefit from the combination of robustness, performance, and cost-optimization which our products will provide.”

MEMS gyroscopes are experiencing the same rapid growth rate that MEMS accelerometers experienced a few years ago, driven by growing adoption in products ranging from mobile handsets to gaming remotes to cameras to electronics stability control systems. Industry analysts estimate that the market for gyro sensors will grow to $1.5B in consumer electronics application alone by the year 2015.

“We are excited to see customers and partners accelerate their interest in Qualtré’s BAW technology,” said Stan Reiss, a General Partner with Matrix Partners. “We believe that by developing multiple products which use the same design building blocks, and at the same time address the needs of specific applications and markets, the company is delivering maximum value to its customers.”

About Qualtré, Inc.

Founded in 2008, Qualtré is a venture-backed company commercializing the next generation of solid-state silicon MEMS motion sensor solutions for cutting edge consumer and industrial applications by leveraging fundamentally differentiated technologies.

The company’s product development efforts build upon years of research conducted by its founder and Chief Technology Officer, Dr. Farrokh Ayazi, at Georgia Tech's renownedIntegrated MEMS Laboratory. The company is headquartered in Marlborough, Massachusetts. More information can be found at www.qualtre.com.

About Matrix Partners

Matrix Partners is a premier venture capital firm that has generated outstanding returns for over three decades. The firm has delivered several of the industry’s top performing funds of all time. Matrix Partners has offices in Waltham, MA; New York, NY; Palo Alto, CA; Mumbai, India; and Beijing and Shanghai, China. The firm has been fortunate to have invested in game-changing, industry-leading businesses such as Apple Computer, Sandisk, Veritas, Sycamore Networks, Phone.com, Starent Networks, JBoss and Xilinx.www.matrixpartners.com

About Pilot House Ventures

Pilot House Ventures is a Boston, Massachusetts-based venture capital firm that invests in promising early stage technology companies, including enterprise software, network infrastructure, internet, and communications companies. The company looks for outstanding entrepreneurs who are building companies with high growth potential that will be true partners throughout the lifecycle of the company. Pilot House Ventures' investment team leverages its deep operational, technical and industry experience to help entrepreneurs build successful companies. Pilot House operates with a team approach to help their portfolio companies be successful, with multiple members of the team involved in advising all portfolio companies on strategic decisions to drive growth. The Pilot House Ventures team also taps into its extensive networks to support its portfolio companies with resources for customer acquisition, business development, partnerships, marketing strategy, technology development and management and Board development. www.pilothouseventures.com

About Eastward Capital Partners

Eastward Capital Partners is a West Newton, Massachusetts based venture debt provider, which provides flexible equity sensitive solutions to companies in the Information Technology, Communications, Alternative Energy and Healthcare sectors. Having completed investments in over 100 companies in the previous 20 years, Eastward is among the most experienced providers of venture debt in the industry. www.eastwardcp.com