picoChip raises another $27million
In its largest funding round to date, picoChip has secured a further $27million of investment. Highland Capital Partners led the round, together with undisclosed key strategic investors. The proceeds will be used to fund future growth.
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Sean Dalton, managing general partner at Highland Capital Partners, commented: “picoChip has clearly demonstrated its industry leadership in WiMAX and femtocell over the last 18 months. We are excited to be working with a proven management team and a company that has emerged as a leader in two market segments.”
Existing investors include Atlas Venture, Pond Venture Partners, Scottish Equity Partners, Rothschild, Intel and AT&T.