26 May 2010   |   News

Icera secures $45M to accelerate growth


Funding

Icera, a specialist in mobile broadband semiconductors, has announced that its investors have provided a further $45 million to accelerate the company’s growth. All existing shareholders, including Accel Ventures, Amadeus Capital Partners, Atlas Venture, Balderton Capital and DFJ Esprit, participated fully in the funding round.

Bristol-based Icera is building market share for its chipsets, which used in high performance, high speed mobile broadband devices, such as USB modem sticks and embedded modules for notebooks, netbooks, tablets and other devices. The new financing will also provide additional funding for the company’s expansion into the smartphone market.

Stan Boland, President and CEO, Icera Inc, said the funding, “Comes at a time when we are achieving strong endorsement from mobile network operators and a sharp growth in our shipments to the world’s largest device manufacturers.”

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