Chip shop. (Technology).Semiconductor designer Motia Inc. closed its first round of funding earlier this month with $5 million from three venture capital groups. The Pasadena company develops semiconductors, chip sets and modules that Chief Executive and President Paul Sun claims will accommodate larger bandwidth communications and at longer ranges. Sun wouldn't talk about the extent of the company's technological advances, except to say they will significantly improve wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. . He wouldn't disclose customers, but did say Motia is selling products to manufacturers in the wireless communications industry. The funding round was led by Kodiak Venture Partners of Concord, Mass., and included investment by Axiom Venture Partners LP of Hartford, Conn., and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and Carrot Capital LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . None of the investors returned calls for comment on the funding round. Investors from Kodiak and Axiom joined Motia's board of directors. Mike O'Neill, a partner at Kodiak, said his company is investing in the wireless industry and found Motia to be interesting for a mix of reasons. "They have core technology, some intellectual property we think is better," he said. "They also have a team that is experienced in this area to turn it into product. You really need both." Motia was founded in July 2000 by Sun and James Wang, chief technology officer and vice president of engineering. Sun is the former chairman and chief executive of DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary .net. He had also headed PairGain Technologies Inc., Avidia Systems Inc. and Transwitch Corp. Wang was president and CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. of Fastrack Information Inc., a start up firm that developed and marketed wireless communications, navigation and Internet technologies. Staff reporter Christopher Keough can be reached at (323) 549-5225, ext. 235, or at ckeough@labusinessjournal.com. |
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