10/3/2003 - Agilent Technologies Inc. (NYSE: A) announced that Agilent Ventures has participated in the Series C Preferred Stock funding round for TelASIC Communications Inc. TelASIC is a venture-funded fabless semiconductor company delivering radio frequency (RF), analog mixed signal and digital solutions to the wireless marketplace, as well as the recently announced BaseFlex chipset for wireless base stations.
Agilent's investment was part of a round of funding led by Raytheon Company and venture capital firms ComVentures, Mission Ventures and Redpoint Ventures, which raised $35 million in equity. Founded in April 2001 as a spin-off from Raytheon Company, TelASIC Communications is unique in its ability to offer fabless semiconductor designs based on silicon germanium (SiGe) process technology, and has a long-standing relationship with IBM's foundry.
"Agilent's investment in TelASIC underscores our ongoing pursuit of innovative, early-stage technologies with seasoned co-investors," said Maximilian Schroeck, managing director of Agilent Ventures. "Our interest in TelASIC is aligned with our strategic interest in mixed-signal technology platforms that support a variety of Agilent test and measurement solutions."
About TelASIC Communications, Inc.
TelASIC Communications is a fabless semiconductor company offering the BaseFlex(tm) chipset, the world's first cost-effective wideband radio chipset to support all major cellular air interface standards. The company delivers high performance, cost-effective RF, analog mixed signal, and digital solutions for both the commercial and defense electronics markets based on technology and expertise developed while part of the Advanced Products group within Raytheon Company. The company has offices in El Segundo and Westlake Village, California, and a regional office in the United Kingdom. Visit www.telasic.com for more information.
About Agilent Ventures
Agilent Ventures is a business unit of Agilent Technologies Inc. dedicated to investing globally in groundbreaking, privately held, early-stage technology companies. Additional information about Agilent Ventures, as well as investment proposal forms, is available at www.agilentventures.com.
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is a global technology leader in communications, electronics, life sciences and chemical analysis. The company's 30,000 employees serve customers in more than 110 countries. Agilent had net revenue of $6 billion in fiscal year 2002. Information about Agilent is available on the Web at www.agilent.com.
Previous Page | News by Category | News Search
If you found this page useful, bookmark and share it on: