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.
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.
