RF MEMS designer nails down $7M funding

Mar. 10, 2008 – WiSpry, a developer of programmable radio frequency (RF) semiconductor products, says it has tacked on another $7M to its Series B round of funding, for a total of $18M raised in the round. The funds will be used to transition from technology development into product qualification, the company noted in a statement.

Current company investors American River Ventures, Blueprint Ventures, and L-Capital Partners led the round, with existing investors Hotung Capital Management, In-Q-Tel, and Shepherd Ventures, and participation from new investors DoCoMo Capital and Arkian, WiSpry’s Korean sales representative. Other potential investors are still completing diligence and could be added to the Series B round in the next 60 days, the company noted.

“With the continuing growth in complexity of consumer-based wireless terminals the demand for digitally programmable RF continues to grow,” stated Russ Garcia, WiSpry president and CEO. “The capability we are bringing to market with the tunable digital capacitor enables product solutions that significantly enhance performance in a cost effective manner, thereby bringing substantial value to both carriers and handset manufacturers.”

“We believe that WiSpry’s tunable RF product technology will be revolutionary for the wireless market place and will enable a new generation of mobile devices with better power efficiency, smaller form factor and superior RF performance that are able to seamlessly support multiple mobile communication standards and worldwide frequency bands,” added Nobuyuki Akimoto, president and CEO of DoCoMo Capital.


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