WiMax chip maker raises $12.1M in first round

Saratoga, CA-based ApaceWave Technologies raised nearly $12.1 million in its first round of venture capital. Backers of the broadband wireless solutions provider include Venrock Associates, DCM-Doll Capital Management, WK Associates and the Fortune Consulting Group of Taiwan. ApaceWave is expected to start production of its WiMax chips by the end of the year, with volume shipments slated to begin in 2007.

For more on ApaceWave's first round:
- check out this article from DigiTimes

FREE DAILY NEWSLETTER

Like this story? Subscribe to FierceWireless!

The Wireless industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceWireless as their must-read source for the latest news, analysis and data on this increasingly competitive marketplace. Sign up today to get wireless news and updates delivered to your inbox and read on the go.