Altair Semi Raises $18 Million

Altair Semiconductor, a Hod Hasharon, Israel-based developer of mobile WiMAX processors for handsets and other handheld devices, has raised $18 million in Series B funding. Bessemer Venture Partners led the deal, and was joined by return backers BRM Capital, Giza Venture Capital and Jerusalem Venture Partners. Altair had raised an $8 million Series A round in late 2005.