The following list includes venture capital and other investments into wireless companies announced during the past week. The value of the investment is included when available.
AdMob: Draper Fisher Jurvetson’s Growth Fund and Northgate Capital invested $12.5 million into mobile advertising company AdMob. The company said it has raised a total of $47.2 million to date.
Axel Technologies: Nexit Ventures and Finnish Industry Investment Ltd. invested about $3.1 million into Axel Technologies, which provides technology to allow device manufacturers to bring mobile TV to portable devices. The company said it will use the funding to accelerate its global sales and marketing efforts and to increase research and development efforts.
Modu: Qualcomm invested $7 million into Israeli handset maker Modu in a deal that gives Qualcomm the right to supply chips for the company’s phones.
SkyCross: Investor Growth Capital led a $23 million round of funding into antenna solutions company SkyCross. The company said the funding will help it continue to broaden its global reach and enter new market segments.
Wavesat: BDR Capital, BDC Capital and Multiple Capital led a $9.5 million round of funding into broadband wireless semiconductor solutions provider Wavesat. Proceeds of the funding round will be used to further the company’s position in the 4G broadband market.
Venture capital financing wrap-up: AdMob, Axel Technologies, SkyCross and more
ABOUT AUTHOR
Jump to Article
What infra upgrades are needed to handle AI energy spikes?
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants