Xceive Secures $13.5 Million in Funding to Continue Leading-Edge Development; Silicon Valley Company Completes Series C Financing.SANTA CLARA Santa Clara, city, Cuba
Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. -- Xceive Corporation, developer of the world's first fully integrated multi-standard RF-to-baseband transceiver (TRANSmitter reCEIVER) An electronic device or circuit that transmits and receives analog or digital signals. It comes in many forms; for example, a transponder on a satellite, a network adapter in the computer or the circuits in a cellphone. ICs for TVs, PC TVs, set-top boxes The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. , mobile phones, and other innovative consumer electronic devices, announced today that it closed its Series C funding with $13.5 million in investments. Lead investor, Sequoia Capital Sequoia Capital is a venture capital firm founded by Don Valentine in 1972. The firm's partners include Don Valentine, Pierre Lamond, Michael Moritz, Doug Leone, Mike Goguen, Mark Stevens, Jim Goetz, Sameer Gandhi, Roelof Botha, and Mark Kvamme. , joins repeat investors Alliance Ventures, BA Venture Partners and Ignite Group in supporting Xceive's plans to expand current activity in research and development, increase production, and continue staffing in strategic geographical locations.
"We are pleased to welcome Sequoia Capital as our newest investor, a well-known VC firm recognized worldwide. They have invested in many technology leaders including Linear Technology, LSI LSI: see integrated circuit.
(Large Scale Integration) Between 3,000 and 100,000 transistors on a chip. See SSI, MSI, VLSI and ULSI. Logic, Microchip, Nvidia and Pixelworks and we are excited they have chosen us as their investment in silicon tuner technology," said Pierre Favrat, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Xceive. "Our breakthrough technology is continuing to gain traction and wide acceptance in the market place."
"Advanced design developments in televisions as well as devices such as PCs and mobile phones demand tuner solutions that can address high performance requirements. Xceive's unique technology provides the most advanced solution available," said Mark Stevens, general partner at Sequoia Capital. "Xceive is well positioned to address a significant need that will rapidly increase as the silicon tuner market continues to evolve."
Xceive is a fabless semiconductor company A fabless semiconductor company specializes in the design and sale of hardware devices implemented on semiconductor chips. It achieves an advantage by outsourcing the fabrication of the devices to a specialized semiconductor manufacturer called a semiconductor foundry or "fab. founded in 2001, and headquartered in Santa Clara, Calif. Xceive's QuickTune(TM) technology enables superior image quality, low power, and performance for a myriad of consumer electronic products. With a focus on single-chip RF-to-baseband transceiver ICs, Xceive enables TV signal reception in any consumer electronics device, worldwide.
For additional corporate information, visit: www.xceive.com