Beceem, a Santa Clara company that provides chipsets for mobile WiMax technology and is now widely considered the leader in this industry, has raised $27.1 million of a $50 million fourth round of capital. Backers include Sequoia Capital, Walden International, Khosla Ventures and Global Catalyst Partners. VentureBeat spoke with the chief executive last week. We will have more on this soon.
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10:51 pm
VentureBeat » Beceem running away with mobile WiMax? Where’s Intel? said:
[...] It appears to be running away with a clear tech lead. Last week, we visited with Vinod Khosla, a well-known Silicon Valley venture capitalist who is backing Beceem. And he was beaming. Beside him, was Beceem’s chief executive, Shahin Hedayat, who had just finished a meeting with Khosla. Later we found out why they were happy. Things are going so well for Beceem, its backers wanted to cough up more money to allow it to expand. Beceem has raised $27.1 million and may raise more. Its backers include Khosla Ventures, Sequoia Capital, Walden International and Global Catalyst Partners. [...]