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Mobile broadband semiconductor company Icera secures $45 million in additional funding

By: , IntoMobile
Friday, May 21st, 2010 at 5:10 AM

Icera, the mobile broadband semiconductor company which products we’ve already covered in the past, announced that its investors have provided a further $45 million in equity capital. All existing preferred shareholders — including Accel Ventures, Amadeus Capital Partners, Atlas Venture, Balderton Capital and DFJ Esprit — participated in the round.

The company will use the new money to extend its global marketshare for chipsets used in high speed mobile broadband devices, such as USB modem sticks and embedded modules for notebooks, netbooks, tablets and other emerging devices. Moreover, after this round, Icera hopes to expand to the smartphone space, as well.

In case you don’t know, Icera develops Adaptive Wireless modem technology, which executes the entire modem in software on a high performance processor. Thus, their technology is update-able without hardware — all it takes is a new firmware version to, for instance, update an HSPA to HSPA+ modem.

At the moment, Icera is focused on 3G (HSPA+, HSPA) and 2G (GSM, GPRS, EDGE) cellular voice and data modem chipsets and firmware, with 4G (LTE) scheduled in the near future.

About The Author

Dusan Belic

Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.