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Private Equity Week Wire for Monday 8-13

RICHARDSON, TX — Spatial Wireless announced today that the company has secured $8.1 million in venture capital financing.
Austin Ventures led the financing, with participation by Sequoia Capital and Genesis Campus. Spatial Wireless will use the funds to accelerate product development plans and to expand its sales and marketing staff.

FREMONT, CA — Ikanos Communications Inc., a developer of next-generation broadband silicon solutions, today announced that it has raised $25 million from both new and existing investors in its Series C round of funding. Total funding secured to date is more than $42.5 million. Ikanos will use the capital to continue to fund research and development as well as new customer acquisition. The company also announced that Danial Faizullabhoy, a partner at lead investor, Walden International, is now a member of the Ikanos board of directors.
In addition to Walden International, other new investors include JPMorgan Partners and Ridgewood Capital. All major existing Ikanos investors — Anthelion Capital, Greylock Partners, Sequoia Capital, and Telesoft Partners — also participated in the Series C round.

WALTHAM, MA — Polaris Venture Partners LP, a
leading early and seed stage venture capital firm, today announced the closing
of its fourth fund, Polaris IV, at $900 million. Since its founding in 1996,
Polaris has been dedicated to a philosophy of investment diversity across the
information and medical technology sectors. Some Polaris-backed companies
include: Akamai Technologies, Allaire, Centra, deCODE Genetics, Aspect
Medical Systems, and Advanced Inhalation Research.
With the closing of Polaris IV, Polaris currently has $2 billion in
capital under management.

CONCORD, MA — Tiaris Inc., an innovative fabless semiconductor company that develops and markets communication system-on-chip solutions to enable residence-wide networking for the distribution of video, data and voice content, today announced that it has closed its first round of financing from premier venture companies, totaling $9.5 million. New investor Kodiak Venture Partners led this round, which includes co-lead Giza Venture Capital and Cedar Fund. Cedar Fund, which invested in Tiaris’ Pre-Seed