Ubicom Inc., a Sunnyvale, Calif.-based provider of communications processor and software solutions, has raised $18 million in fourth-round funding. Lehman Brothers Venture Partners and Samsung Ventures co-led the round, and was joined by return backers like Levensohn Venture Partners and Mayfield.
Ubicom Inc., a leading provider of communications processor and software solutions, announced the completion of its Series 4 financing round totaling $18 million. Led by Lehman Brothers Venture Partners and Samsung Venture Investment Corporation, this financing also includes the company’s existing investors. Brian Melton, a partner in Lehman Brothers Venture Partners, will join the board of directors.
“With their innovative and proven processor and software platform, Ubicom is well positioned to take advantage of the transition to higher speed networks and the proliferation of network connected media devices in the home,” said Brian Melton of Lehman Brothers. “We see many opportunities where this technology can be applied both now and in the future.”
“This new round of funding will allow us to scale in our engineering, sales and marketing efforts, as we continue our rapid revenue growth and expansion into new markets,” said Cathal Phelan, CEO of Ubicom. “The next couple of years promise to be exciting times for Ubicom as the adoption of our StreamEngine� 5000 family of processor and software platforms take a firm hold in the marketplace.”
About Ubicom, Inc.
Ubicom develops communications and media processor and software platforms that address the unique demands of real-time interactive applications and multimedia content delivery in the digital home. The company provides optimized system-level solutions to OEMs for a wide range of products including wireless routers, access points, bridges, VoIP gateways, connected digital photo frames, streaming media devices, and other network devices. Ubicom’s unique multithreaded processor design, real-time operating system, and application-level solutions combine to ensure a high-quality user experience with unprecedented ease of use. Ubicom is a venture-backed, privately held company with corporate headquarters in Sunnyvale, California. For more information, visit www.ubicom.com.