WiQuest Raises $23 Million

WiQuest Communications Inc., an Allen, Texas-based wireless chipmaker, has raised $23 million in Series C funding. New backers include Adams Street Partners, D.E. Shaw and TriplePoint Capital. Returnees include Sequoia Capital, Menlo Ventures, Palomar Ventures and iD Ventures America. The company has raised $56 million in total VC funding. www.wiquest.com