Wireless CE Chipmaker Artimi Raises $26.5 Million

Authored by Mark Hefflinger on December 11, 2006 - 4:13pm.

Santa Clara, Calif. - Artimi, a developer of wireless semiconductors for portable consumer electronics, said on Monday that it has raised $26.5 million in its second round of funding, co-led by previous investors Accel Partners, Amadeus CapitalPartners and Index Ventures. Previous investor Oak Investment Partners and new investor Bank of Scotland Growth Equity also participated in the round, which increased the company's total backing to $45 million. The four-year-old company said that it will use the new capital to expand production, as well as increase its sales and marketing activities. Santa Clara, Calif.-based Artimi's semiconductors, software and reference designs are used in consumer electronics devices with high-speed bulk data transfer and low power consumption, such as storage devices, digital cameras, camcorders, MP3 players, PDAs and mobile phones.
http://artimi.com/news.php?pressrelease=000024