Javelin Semiconductor Secures Series B Funding
AUSTIN, Texas – Feb. 26, 2010 – Javelin Semiconductor, Inc., today announced that it closed its second round of funding. The $6.2 million round was led by existing investors Sevin Rosen Funds and Silverton Partners.
Javelin introduced the industry’s best-performing 3G power amplifier (PA) on February 11. The company has 14 patents on its innovative architecture, which provides the industry’s lowest average current and lowest noise in a standard CMOS IC. Javelin’s technology is a significant technological breakthrough that has the potential to initiate an industry-wide shift from traditional GaAs-based products to CMOS PAs. Javelin is actively sampling customers worldwide and will use the proceeds from its series B financing round to move its first product into volume production and continue design work on key additions to its CMOS PA portfolio.
About Sevin-Rosen Funds
Sevin Rosen Funds (SRF) is a top-tier venture capital firm with a record of funding successful companies since 1981. The SRF partnership has consistently made early-stage investments in pioneering technologies and companies that became market leaders. The SRF team is committed to early and sustained active involvement based on the partners’ broad range of relevant venture and operating experiences in successful technology companies. Compaq, Lotus, Cypress, Electronic Arts, SGI, Citrix and CIENA are representative of some of the firm’s successful IPOs.
Sevin Rosen has offices in Austin, Dallas, Palo Alto and San Diego. For more information, please visit www.srfunds.com.
About Silverton Partners
Silverton Partners is an early stage venture capital firm based in Austin, Texas and was founded by its General Partner, Bill Wood. Bill has been a venture investor for more than 20 years and was a founding general partner of Austin Ventures. Silverton has invested in over 15 Austin-area companies including Crystal Semiconductor, Benchmarq Microelectronics, and Silicon Laboratories, all of which became public companies either through acquisition or public offering.
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