IRVINE, Calif.—WiSpry Inc., a developer of chips with radio frequency integrated circuits for wireless devices, picked up $13.5 million in its second round of funding.
New investor L Capital Partners led the round, joined by fellow new investor Hotung Capital Management and existing investors American River Ventures, Blueprint Ventures, In-Q-Tel, Tech Coast Angels and Western Technology Investment.
WiSpry Chief Executive Officer Jeff Hilbert said the financing will be used to fund development, production and sales of WiSpry’s integrated RF-MEMS-enabled CMOS products for the mobile handset market. He explained that WiSpry’s technology “will eliminate the need for multiple RF paths required in multi-standard, multi-band applications, including ‘global’ mobile phones, mobile wireless subsystems and wireless base stations.”
In other funding news, Internet Protocol radio access developer AirWalk Communications Inc. snapped up $15 million during its second round of financing.
AirWalk said it will now “intensify its presence” in the mobile broadband market with its stand-alone CDMA2000 1x EV-DO Revision A base station and controller, which the company says provides both data and voice in a compact unit.
Dallas-based Sevin Rosen Funds led the round, joined by first-round investor TL Ventures and new investors Alta Berkeley and Duchossois Technology Partners.
