Friday, July 28, 2006

SEQUANS Raises $24M

SEQUANS, a Paris-based firm which maintains its offices in Cupertino, announced this week that it has raised $24M in equity financing. The round was led by Kennet Venture Partners, and included prior investors Add Partners, Caps Decisif, T-Source, SG Asset Management, and Vision Capital. SEQUANS develops Wi-Max systems-on-a-chip (SoCs) for the WiMax equipment market. Michael Elias of Kennet Venture Partners joins the company's board as part of the funding. More information »