Tagged: semiconductor

GCT Semiconductor revised its offering cap upward to $130 million and received $98.92 million in commitments


Change: offered +55% / raised +84% / placed 76%
XDATA – December 2nd 2015
GCT Semiconductor upped its financing to $130 million from $84 million after receiving new commitments. An additional $45.12 million worth of securities was placed by the company with fifteen investors since the company last released data in September 2014. This brings to $98.92 million the amount raised from the twenty-six backers who subscribed to the offering. The offering is structured as indefinite and will remain open until fully subscribed. Up to now GCT Semiconductor had raised an estimated $87.2 million in unregistered securities via one financing round.
GCT Semiconductor designs and markets 4G LTE and WiMAX semiconductor solutions. The company’s system-on-chip solutions integrate radio frequency, baseband modem and digital signal processing functions, therefore offering complete 4G platform solutions with small form factors, low power consumption, high performance, high reliability and cost effectiveness. Investors include Samsung Ventures, LG, DoCoMo Capital, SK Telecom, Parakletos Ventures, Pequot Ventures, National Semiconductor, UMC, Anapass, Pericom Semiconductor, UOB Venture, 3V SourceOne Capital, Mizuho Venture Capital, ITX International Holdings, UTStarcom, WI Harper Group, Bokwang Investment, East Gate Capital, AT Ventures, KGI Partners, and Nexus Investment.
The company is headquartered in San Jose CA. GCT Semiconductor elected to keep its revenues undisclosed.
The executive team includes Alex Sum, Gene Kulzer, Jeongmin “jeemee” Kim and John Schlaefer.
The board of directors includes Kyeongho “kh” Lee, Paul Kim, Robert Barker and Sundance Joe.

The company has raised an estimated total of $186.12 million via private unregistered security offerings.

Offering recap
Status: Intermediary close
Company: GCT Semiconductor
Industry: Other Technology
Amount offered: $130 million
Amount placed: $98.92 million
SEC filing: Source
First sale: 04-16-2013
Data as of: 12-02-2015
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Fabless Semiconductor designer Arctic Sand Technologies reports $19.35 million investment round


For more information and other transactions visit www.XDATA.co
XDATA – November 24th 2015
Arctic Sand Technologies raised $19.35 million as part of a fully subscribed non-brokered equity offering. The subscription, which started a little over a week ago, lured five investors. Until this disclosure Arctic Sand Technologies had raised an estimated $9.1 million in unregistered securities via one previous financing round.
Arctic Sand Technologies designs and markets power conversion semiconductors based on technology developed by MIT. The company’s products offer significant improvements in power conversion efficiency, transient performance and EMI, in footprints 2-4x smaller than the best in class competitors today and with a significantly lower profile, enabling smaller, thinner, lighter and more power efficient products to be realized. Financial investors include Arsenal Venture Partners, Northwater Capital, Ray Stata, and strategic investors include Dialog Semiconductor and Energy Technology Ventures.
The company, headquartered in Cambridge MA, is led by Gary Davison (CEO). Arctic Sand Technologies elected to keep its revenues undisclosed.
The board of directors includes Frank Egan, Jason Rottenberg, Jim Cable and John Major.

The company has raised an estimated total of $28.45 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Arctic Sand Technologies
Industry: Other Technology
Amount offered: $19.35 million
Amount placed: $19.35 million
SEC filing: Source
First sale: 11-16-2015
Data as of: 11-24-2015

IoT ultra-low power, batteryless chips developer PsiKick issues $16.35 million worth of equity


For more information and other transactions visit www.XDATA.co
XDATA – November 2nd 2015
PsiKick disclosed selling 97% of its $16.9 million non-brokered equity offering to twenty-five investors. The sale started one month ago according to the document filed at the SEC. The company closed three previous unregistered private placements which raised an estimated $7 million.
PsiKick markets, manufactures and develops next generation ultra-low-power wireless sensing devices. The devices’ extreme energy efficiency enables them to be powered without a battery from a variety of harvested energy modalities including vibration, thermal gradients, solar, RF, or piezo actuation. Investors include New Enterprise Associates, Osage University Partners, and The Regents of the University of Michigan through its “MINTS” program (Michigan Investment in New Technology Startups).
The company, headquartered in Charlottesville VA, is led by Brendan Richardson (President and CEO). PsiKick elected to keep its revenues undisclosed.
The executive team includes Benton Calhoun, Brendan R Richardson and David Wentzloff.
The board of directors includes Greg Papadopoulos, Jack Busch and Marc Singer.

The company has raised an estimated total of $23.35 million via private unregistered security offerings.

Offering recap
Status: First close
Company: PsiKick
Industry: Other Technology
Amount offered: $16.9 million
Amount placed: $16.35 million
SEC filing: Source
First sale: 09-24-2015
Data as of: 11-02-2015

Triad Semiconductor re-opened and upped its offering cap to receive $8 million in commitments


Change: offered +100% / raised +60% / placed 80%
XDATA – October 15th 2015
Triad Semiconductor re-opened and upped its equity financing to $10 million from $5 million after selling additional securities. An additional $3 million worth of securities was placed by the company with ten investors since the company last released data almost a year ago. This brings to $8 million the amount raised from the thirteen backers who subscribed to the offering. The offering is structured as indefinite and will remain open until fully subscribed. The company closed seven unregistered private placements which raised an estimated $17.72 million.
The company is the designer of ViaASICs that combine silicon-proven analog and digital resources onto application specific integrated circuits (ASIC) die that are configured with a single via-only mask layer change. This approach to custom silicon design reduces development cost, development time, and is easier and less risky than traditional full-custom integrated circuit (IC) design. The company is backed by Development 72.
The company, headquartered in Winston Salem NC, is led by Lynn A Hayden (President and CEO). Revenues on or below $25 million were reported by Triad Semiconductor.
The executive team includes James Kemerling and Mark Goode.
The board of directors includes Adrius Pranskevicius, Daniel Cheadle, David Bell, Dean Woodman, John Williammee, Kk Ma, Paul White, Robert Fay and William Pratt.

The company has raised an estimated total of $25.72 million via private unregistered security offerings.

Offering recap
Status: Intermediary close
Company: Triad Semiconductor
Industry: Other Technology
Amount offered: $10 million
Amount placed: $8 million
SEC filing: Source
First sale: 09-23-2014
Data as of: 10-15-2015

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For more information visit www.XDATA.co

IoT semiconductor developer Immedia closes a new financing round

Ambiq Micro reported the completion of a $15.6 million financing round


ambiq micro$15.6 million was raised by Ambiq Micro following the successful placement and issuance of its unregistered equity securities. A total of twenty-seven investors participated to the non-brokered placement which started today. A total of ten unregistered securities offerings closed by the company raised an estimated $23.95 million.

Ambiq Micro develops, designs and markets a portfolio of ultra-low power semiconductors. It developed an advanced complementary metal–oxide–semiconductor (CMOS) platform, SPOT (Subthreshold Power Optimized Technology), that reduces the system power requirements for semiconductors used in energy critical applications. Financial backers include Austin Ventures, Mercury Fund and Huron River Ventures.

The company, headquartered in Austin TX, is led by Mark Foley (President and CEO). Ambiq Micro elected to keep its revenues undisclosed.
The executive team includes Edward B Hill, Greg Van De and Scott Hanson.
The board of directors includes Clark Jernigan, Mike Noonen, Weijie Yun and Wen Hsieh.

The company has raised an estimated total of $39.55 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Ambiq Micro
Industry: Other Technology
Amount offered: $15.6 million
Amount placed: $15.6 million
First sale: 11-07-2014
Data as of: 11-07-2014

For more information visit www.XDATA.co

Quantance launched a $9 million Series E offering and placed $6 million


quantanceAccording to a document filed by Quantance with the SEC, the company launched a $9 million non-brokered equity offering. So far Quantance sold 67% or $6 million worth of new unregistered securities to ten backers. The subscription started one month ago. $3 million in additional funding can be raised before September 2015 based on the placement’s structure. A total of five unregistered securities offerings closed by the company raised an estimated $42.53 million.

Quantance commercializes its qBoost envelope tracking technology which increases data upload speeds, network capacity, service coverage, and battery life for smart phones, tablets, WIFI hotspots, and other high speed mobile data devices.

The company, headquartered in San Mateo CA, is led by Vikas Vinayak (CEO). Quantance elected to keep its revenues undisclosed.
The executive team includes Vikas Vikayak.

The company has raised an estimated total of $48.53 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Quantance
Industry: Other Technology
Amount offered: $9 million
Amount placed: $6 million
First sale: 09-11-2014
Data as of: 09-26-2014

For more information visit www.XDATA.co

Aurrion reports $11.5 million raised at first close


XDATA – September 18th 2014

aurrion Aurrion received two commitments for its $42 million financing round. Investors committed to buy 27% or $11.5 million worth of equity a little over a week ago. The offering will remain open until September 2015 while an additional $30.5 million worth of securities is sold to investors. The company closed three previous unregistered private placements which raised an estimated $14.4 million.

Aurrion commercializes a technology platform that can unite the worlds of photonics and silicon based microsystems to create silicon photonic integrated circuits (IC) for datacenters to handle an ever increasing traffic and manage bandwidth. The platform enables unprecedented advances by leveraging the capability and low cost of silicon IC manufacturing yet retaining the performance of advanced non-silicon materials.

The company is headquartered in Goleta CA. Aurrion elected to keep its revenues undisclosed.
The executive team includes Alexander Fang.
The board of directors includes Daniel Burnham, Gregory Fish, John Bowers, Milton Chang and Steve Cooper.

The company has raised an estimated total of $25.9 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Aurrion
Industry: Other Technology
Amount offered: $42 million
Amount placed: $11.5 million
First sale: 09-10-2014
Data as of: 09-18-2014

For more information visit www.XDATA.co

Ineda Systems garnered new subscriptions and upped its offering to $22.07 million


Change: offered +13% / raised +11% / placed 90%

XDATA – September 8th 2014

ineda Ineda Systems‘ $19.6 million equity financing round increased by 13% to cap at $22.07 million. An additional $2 million worth of securities was placed by the company with two investors since the company last released data almost six months ago. This brings to $19.87 million the amount raised from the eighteen backers who subscribed to the offering. The subscription is structured to close once the 10% left is fully subscribed or in about a year at the latest. Up to now Ineda Systems had raised an estimated $12.03 million in unregistered securities via one financing round.

Ineda Systems markets and develops a low-power system on a chip (SoCs) for use in the fast-growing wearables and Internet of Things (IoT) market segment. The company is backed by Imagination Technologies, Walden International, Riverwood Capital, Samsung Catalyst Fund, Qualcomm Ventures and IndusAge Partners

The company is headquartered in Santa Clara CA. Ineda Systems elected to keep its revenues undisclosed.
The executive team includes Dasaradha Gude.

The company has raised an estimated total of $31.9 million via private unregistered security offerings.

Offering recap
Status: Intermediary close
Company: Ineda Systems
Industry: Other Technology
Amount offered: $22.07 million
Amount placed: $19.87 million
First sale: 08-20-2014
Data as of: 09-04-2014

For more information visit www.XDATA.co

Newlans disclosed placing $12.5 million out of its $20 million offering


Once in a while we cover offerings above $1 million as it is too tempting to be the first to report them.

newlansNewlans, a semiconductor designer, initiated a first close of $12.5 million on its $20 million non-brokered equity financing round. Fourteen investors participated to the private placement which started to sell on January 27th. Two previous financing rounds initiated by Newlans raised an estimated $9.5 million. The first offering which was for convertible debt and started to sell in June 2013, was upped from $2 million to $3.6 million in late October. This financing brings to $22 million the total estimated amount raised by the company.

The company designs re-configurable broadband analog signal processing semiconductors for mobile devices and the defense market. The company is backed by Paladin Capital a multi-stage private equity group with a taste for companies developing products with defense applications. The company’s wideband signal processing architecture for radio frequency semiconductor applications allows semiconductors to be reprogrammed hence reducing cost as well as size and power consumption.

The company is headquartered in Acton MA. Revenues were not disclosed. The executive team includes Dev Gupta (Founder, Chairman and CEO) and Divi Gupta (COO). The board of directors includes Paul Conley and David Furneaux.

Offering recap:
Status:First close
Company: Newlans
Industry: Other Technology
Amount offered: $20 million
Amount placed: $12.5 million
First Sale: 01/27/14