Provigent Secures Fifth-Round Funding

March 19, 2009
Broadband wireless system-on-a-chip (SoC) supplier Provigent announced that it had closed a fifth round of financing for $10 million with Lightspeed Venture Partners. The firm joins a list of earlier investors in Provigent that includes Sequoia Capital, ...

Broadband wireless system-on-a-chip (SoC) supplier Provigent announced that it had closed a fifth round of financing for $10 million with Lightspeed Venture Partners. The firm joins a list of earlier investors in Provigent that includes Sequoia Capital, Pitango Venture Capital, Globespan Capital Partners, Magma Venture Partners, Ascend Technology Ventures, Delta Ventures, Stata Venture Partners, and Dr. Andrew Viterbi. According to Dan Charash, Provigent's CEO, "We are proud to have Lightspeed Ventures Partners as part of our investors team. The investment community's consistent confidence in Provigent is testament to the strength of our business success and focus."

David Gussarsky, Managing Director at Lightspeed, noted that "Provigent is the leading SoC provider in the wireless transmission market, as evidenced by the company's growth and broad customer base. We believe that the wireless backhaul market is poised for accelerated expansion over the coming years due to the exponential increase in data traffic and the rapid subscriber growth in emerging markets. Lightspeed is very impressed with Provigent's leading market position, its strong record of achievement and the potential of its technology."

Sponsored Recommendations

What is a Vector Network Analyzer?

Feb. 19, 2024
For engineers that are outside of the RF and Microwave industry and work in industries like the healthcare and medical fields, food and beverage, agriculture, and beyond, a vector...

Time Domain Gating Measurements with a VNA Webinar

Feb. 19, 2024
Time domain gating is a very useful tool in vector network analysis. If a measurement can be made over sufficient bandwidth, there will be ample resolution in the time domain ...

Webinar: Introduction to OTA Measurement for mmWave and Sub-THz

Feb. 19, 2024
Join Jeanmarc Laurent, a leading expert from MilliBox, for an exclusive live webinar showcasing a complete Over-the-Air (OTA) testing system setup. In this immersive session, ...

Using a CMT VNA with Socket Server

Feb. 19, 2024
This application note describes use of a software application CMT Socket Server which is distributed and supported by Aphena Ltd. Please email [email protected] regarding purchase...