SiBEAM snags $21M in VC

High-speed wireless communication platform developer SiBEAM has secured a sizable $21 million in its second round of funding. Foundation Capital led the deal with some help from return backers New Enterprise Associates and U.S. Venture Partners. The company recently announced John LeMoncheck as president and CEO. Before joining SiBEAM, LeMoncheck served as VP of Consumer Electronics and PC/Display Products at Silicon Image.

For more on SiBEAM's second round:
- see the company press release