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Jul 01, 2013

Altair Semiconductor Raises $25 Million – All Things D

All Things D

July 1, 2013

By Mike Isaac

LTE chipset developer Altair Semiconductor announced Monday it raised a $25 million round of financing from existing investors Bessemer Venture Partners, BRM, Giza Venture Capital, JVP and Pacific Technology, bringing the total amount of funds raised to just over $100 million. The Israel-based company will use the capital to further expand their position in the LTE chipset market. Altair’s products are found inside of USB dongles, tablets, Ultrabooks, Internet hotspots and routers.