Provigent Secures Fifth-Round Funding

March 19, 2009
Broadband wireless system-on-a-chip (SoC) supplier Provigent announced that it had closed a fifth round of financing for $10 million with Lightspeed Venture Partners. The firm joins a list of earlier investors in Provigent that includes Sequoia Capital, ...

Broadband wireless system-on-a-chip (SoC) supplier Provigent announced that it had closed a fifth round of financing for $10 million with Lightspeed Venture Partners. The firm joins a list of earlier investors in Provigent that includes Sequoia Capital, Pitango Venture Capital, Globespan Capital Partners, Magma Venture Partners, Ascend Technology Ventures, Delta Ventures, Stata Venture Partners, and Dr. Andrew Viterbi. According to Dan Charash, Provigent's CEO, "We are proud to have Lightspeed Ventures Partners as part of our investors team. The investment community's consistent confidence in Provigent is testament to the strength of our business success and focus."

David Gussarsky, Managing Director at Lightspeed, noted that "Provigent is the leading SoC provider in the wireless transmission market, as evidenced by the company's growth and broad customer base. We believe that the wireless backhaul market is poised for accelerated expansion over the coming years due to the exponential increase in data traffic and the rapid subscriber growth in emerging markets. Lightspeed is very impressed with Provigent's leading market position, its strong record of achievement and the potential of its technology."

Sponsored Recommendations

Designing Wireless Modular Robots Using Advanced 3D Printing Precision

March 28, 2024
Learn how researchers at Southern Methodist University used 3D printing to fabricate wireless modular robots.

Microelectromechanical 3D Printing Resources

March 28, 2024
Check out our curated list of microelectromechanical 3D printing resources and see how PµSL technology offers freedom and speed.

Understanding 3D Printing Tolerances: A Guide to Achieving Precision in Additive Manufacturing

March 28, 2024
In the world of additive manufacturing, precision is paramount. One crucial aspect of ensuring precision in 3D printing is understanding tolerances. In this article, we’ll explore...

Micro 3D Printing Helps Fabricate Microwells for Microgravity

March 28, 2024
Learn how micro 3D printing helped to fabricate miniaturized vessels called hydrowells for culturing 3D cellular spheroids for microgravity.