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Xceive Secures $13.5 Million in Funding to Continue Leading-Edge Development; Silicon Valley Company Completes Series C Financing.

SANTA CLARA, Calif. -- Xceive Corporation, developer of the world's first fully integrated multi-standard RF-to-baseband transceiver ICs for TVs, PC TVs, set-top boxes, 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, 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 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 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."

About Xceive

Xceive is a fabless semiconductor company 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.

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Publication:Business Wire
Date:Jun 29, 2005
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