Altair Semi Gains Funding - EE Times

Altair Semi Gains Funding
EE Times
Mark LaPedus

Sept. 23, 2008

Altair Semiconductor Inc. (Hon Hasharon, Israel) has closed a $22 million Series C funding round.

The round was led by Pacific Technology Fund (PTF), and joined by ETV Capital and returning investors. The funding will be used to support Altair's global expansion, sales and customer support, as well as future development of Altair's chipsets for WiMAX, LTE and XGP.

Altair has raised a total of $48 million in three rounds of financing from investors, including Bessemer Venture Partners, BRM Capital, ETV Capital, Giza Venture Capital, Jerusalem Venture Partners, and Pacific Technology Fund.