Tuesday, August 22, 2006

SiBEAM Gets $21M

Sunnyvale-based SiBEAM has received $21M in a Series B funding, the firm said today. The round was led by Foundation Capital, and included follow-on investments from New Enterprise Associates and U.S. Venture Partners. SiBeam develops high speed wireless communications platforms based on research from the Berkeley Wireless Research Center. The firm was founded in December of 2004. As part of the funding, Adam grosser of Foundation Capital is joining the firm's board of directors. More information »