SAN JOSE, Calif.-Signal processing technology and software-defined radio solutions supplier HelloSoft said it closed on an oversubscribed $16 million series B financing round led by TD Capital Ventures and new investors Mitsui & Company Venture Partners and Entrepia Ventures. The series B financing also included current investors Venrock Associates, Sofinnova Ventures and Jump Startup.
HelloSoft said it provides solutions for Voice over Internet Protocol, Wi-Fi, cellular and converged markets.
“The new investment will help HelloSoft accelerate its development of CelluLAN for the burgeoning mobile multi-mode handset market,” said Krishna Yarlagadda, chief executive officer of HelloSoft.
HelloSoft garnered more than $11 million in series A financing in early 2003.
