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News
Issue #2003 - 27 (October 2003)
(Updated Oct. 22, 2003)

ACQUISITIONS, MERGERS & AGREEMENTS

VC Investments in Wireless News, Last Two Weeks

1. TelASIC Communication Raises $35,000,000 in Series C Round [El Segundo, CA] 
TelASIC Communications is a fabless semiconductor company offering the BaseFlex chipset, a wideband radio chipset to support all major cellular air interface standards.
INVESTORS: Raytheon (Lead), Agilent Technologies, ComVentures, Mission Ventures, Redpoint Ventures

2. V-Enable Raises $3,750,000 in Series B Round [La Jolla, CA] 
V-Enable is a developer of carrier infrastructure software that brings a rich user experience for mobile users, based on the company's patented Multimodal technology. 
INVESTORS: Individuals, Siemens Mobile Acceleration, Sorrento Ventures

3. Sysgold Raises Funds [Miami, FL] 
Sysgold is a provider of wireless software applications and mobile workforce solutions to enterprise customers.
INVESTORS: Darby Overseas Investments

4.. TelAsic snags $35M; 
Wireless chip start-up TelAsic Communications yesterday announced $35 million in third round financing led by Raytheon with participation from Agilent Technologies, ComVentures, Mission Ventures, and Redpoint Ventures. TelAsic is a spin-off of Raytheon developing programmable chips for cellular network infrastructure. The company is currently negotiating business contracts with investors Agilent.

5. PicoChip Gets $17 million
Network infrastructure start-up picoChip has secured $17 million in second round financing from Pond Ventures and Atlas Venture. PicoChip's chip-based network solution is designed to cut the costs and deployment time of migrating existing cellular networks to 2.5G and 3G technology.

6. Boingo Raises Another $10 million US
Wireless LAN network aggregator Boingo Wireless Inc. announced that it has raised a second round of financing worth $10 million, bringing its total raised to date to $30 million.

7. Tachyon, Inc. (Tachyon),Gets $ 6 million
Tachyon provides carrier grade broadband satellite solution for large enterprises and government agencies.

West River Capital led the investment with a strong syndicate of investors including BV-Cornerstone Ventures, and Seaport Capital. Tachyon will utilize this financing to aggressively support current channel partners, build additional partner relationships and invest in new technology research and development.

MobileInfo Comments and Advisory: Investment at pretty good clip.

Note: This news release may contain forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of Securities Exchange act of 1934 in USA. Similar provisions exist in other countries. There is no assurance that the stipulated plans of vendors will be implemented. MobileInfo does not warrant the authenticity of the information. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures.  All trademarks used in this summary are the property of their respective owners.


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