PARIS-Semiconductor company Sequans Communications said it has secured and closed about $9 million in its Series B financing round from major Venture capital firms.
Add Partners and Vision Capital co-led the round, according to Sequans.
The company makes platforms and software for WiMAX.
“We believe in the disruptive potential of WiMAX to become a leading access technology, especially as it evolves from fixed to portable and mobile applications,” said David Ong, investment director at Add Partners.
