Symwave Raises $4 Million from SMSC
Posted on: August 9, 2009 by PEHub AdministratorNo Comments »
Symwave Inc., a Laguna Nigel, Calif.-based chipmaker focused on “sync-and-go” applications, has raised $4 million from SMSC (Nasdaq: SMSC), as part of a strategic partnership. The company previously raised around $25 million in VC funding, including a $10.18 million Series C extension late last year at a pre-money valuation of around $27.6 million. Participants on that deal included CMEA Capital and Kodiak Venture Partners.
