LONDON-Chip developer Berkana Wireless Inc. said it has raised $9 million in an oversubscribed round B of financing, an event that could boost its profile in integrated CMOS radio frequency and mixed-signal integrated circuits for GSM/GPRS technology.
“The $9 million extension will allow Berkana to expand sales, marketing and operations functions as we ramp up the industry’s first single-chip quad-band GSM/GPRS CMOS transceiver to high-volume production and develop next-generation products,” said David Tahmassebi, president and chief executive officer of Berkana Wireless.
Hotung Capital Management, a new investor, joined others in the series B round.
