Disqus
Last time we talked about Icera, they raised $45 million in additional funding. Obviously that wasn’t enough as they announced successful completion of a $12 million debt facility with Silicon Valley Bank, which is the commercial banking division of SVB Financial Group.
The financing consists of a $4 million three-year term loan and a two-year $8 million working capital line of credit, which Icera will use to accelerate growth in the smartphone market and “extend its global capabilities.”
Icera was founded in 2002 and backed by a top tier European Venture Capital syndicate that includes Accel Partners, Amadeus Capital Partners, Atlas Venture, Balderton Capital and DFJ Esprit. It is specialized in the design, production and sales of soft modem chipsets for cellular products like smartphones, tablets and USB sticks.
Earlier we reported Icera enabled 21Mbps HSPA on USB modems through software upgrade. Moreover, we’ve also talked about their dual-mode LTE/HSPA modem which at that time was the world’s first such product…
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.
