WiMAX chip developer Sequans Communications SA has added Motorola’s venture arm as an investor, after extending a Series C funding round announced in July this year.
The Paris, France company received $24m in a Series C round in July from investors such as Kennet Venture Partners, and Add Partners, Cap Decisif, T-Source, SG Asset Management and Vision Capital. Prior to that in February 2005, it received $9m in a Series B round from Add Partners and Vision Capital.
Now, Motorola Ventures has made an undisclosed addition to the Series C round.
Motorola is the foremost WiMAX equipment maker and we are grateful for their support as we continue to meet our aggressive development schedule, said Georges Karam, Sequans CEO. Our collaboration will help to accelerate the growing WiMAX momentum and will have a direct impact on the rollout of WiMAX networks, providing high bandwidth and mobility to people around the world.
Sequans’ supplies and develops both fixed and mobile WiMAX chips, and has been heavily involved with the development of IEEE 802.16 standards and WiMAX Forum activities. It recently announced the general availability of its mobile WiMAX chip for client devices.