Semiconductors - Friday, June 8, 2007
Swedish Nanoradio - Chipmaker To WiFi - Raises $27M
Sweden's Nanoradio, which makes chips for low power WiFi (W-LAN) on cell phones and other consumer devices, has raised $27M. Investors are the Norwegian firm, Ferd Venture, together with the previous investors: Nordic Venture Partners, Innovacom, Teknoinvest and Industrifonden.
Founded in March 2004, Nanoradio's chipset targets demand for mobile VoIP. Demand is being driven by fixed-to-cellular convergence. The technology is supported by standards such as UMA (Unlicensed Mobile Access) and IMS (IP Multimedia Subsystem). In addition to mobile VoIP, Nanoradio's applications include wireless headsets.
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