Axiom Microdevices Secures $25 Million in Funding
2/9/07 - Irvine-based Axiom Microdevices, a provider of fully integrated complementary metal oxide semiconductor (CMOS) power amplifiers (PA) for the cellular telephone market, announced this week that it has secured $25 million in series C funding.
Axiom, founded in 2002 with technology developed at CalTech, says that the funding will be used to ramp production of its first-generation CMOS PA devices and to further develop its roadmap of innovative and highly-integrated products.
Axiom's $25 million financing round was led by Tallwood Venture Capital. In addition, the company said that each of the major existing investors, including U.S. Venture Partners, Anthem Venture Partners and VentureTech Alliance increased their investments in the company.
“This commitment from such an esteemed group of investors demonstrates strong support for Axiom's talented team and market opportunity,” said Brett Butler, chief executive officer, Axiom Microdevices. “We are providing handset manufacturers with the time-tested advantages of mainstream CMOS through integration, which can only be achieved with Axiom's technology.”
“CMOS integration has been instrumental in driving down the cost of cellular handsets over the past 10 years. Handset makers must continue to fully utilize mainstream CMOS if they are to satisfy cost and supply continuity needs,” said Ron Yara, general partner, Tallwood Venture Capital. “We are convinced that the use of Axiom's fully integrated CMOS PA products and technology will prove to be a watershed moment for the industry.”
Axiom Microdevices – www.axiom-micro.com
