CUPERTINO, Calif.-Morphics Technology Inc., a privately held company that designs and sells software-programmable/hardware-configurable semiconductor products for the wireless industry, raised $13.5 million in its second round of equity financing.
The funds raised through the latest round of financing will be used to complete initial product development, deliver samples to lead customers and expand the company’s marketing organization. Investors include Crescendo Ventures, Walden International Investment Group, BCE Capital and GSM Capital.
Morphics’ first-round investors-El Dorado Ventures, Technology Development Fund of Singapore and the Band of Angels-also participated in the second round.
The company, founded in 1997, provides configurable digital signal processing technology for 2.5-generation and third-generation wireless base stations, handsets and mobile data devices. The company said it uses innovative signal-processing principles to design new wireless communications products that can deliver data-rate-scalable services while operating over multiple physical layer communication protocols.
“By enabling the design of new wireless communications products that can deliver multiple information services while operating over multiple communications protocols, our technologies can reduce the cost of development, manufacture and ownership of wireless products and networks,” said John Ralston, Morphics’ vice president of marketing and licensing. “In addition, they enable scalability and flexibility in the delivery of new value-added services and help pave the way for the evolution of cellular and PCS networks into wideband wireless data networks.”
Morphics said it is working with wireless communications equipment manufacturers to develop scalable wireless platform architectures better suited to evolving standards and rapid product development cycles.
