RF chipmaker Sequoia Communications has raised $25m in series E financing that it will use to bring its multimode SEQ5400 chip into full volume production.
The SEQ5400 uses common basic architecture and can handle WCDMA, HSDPA, EDGE, GPRS, and GSM modes across five frequency bands.
The San Diego, California-based company claims it sets new industry benchmarks for chip cost, component count, PCB size and power consumption.
Motorola invested in the company and Warren Holtsberg, corporate vice president of equity investments, said products based on this architecture would set new performance benchmarks for multi-mode handsets. Reducing the cost, size, and power consumption of multi-mode handsets is of great importance to Motorola, he said.
The over-subscribed funding round, which resulted in a significant increase in valuation of the company, was led by BlueRun Ventures (formerly Nokia Venture Partners) and was supported by Tallwood Venture Capital.