Investment in wireless communications technology companies in the South West of England cluster will reach $1billion by the end of this year, according to Silicon South West, the industry network for semiconductor, wireless, and microelectronics companies in the region.
Last week’s $25m investment in Swindon-based Ubiquisys, by a group which includes search-giant Google, brings the total of venture capital (VC) raised by wireless communications technology companies in the region to $190m, since the start of 2006. Additional, substantial, investments were made by Nextwave Wireless with its acquisition of IP Wireless for $235m in May this year, and Amdocs which acquired Cramer for $425m in 2006.
According to Simon Bond of Silicon South West: “There is also a group of high-profile wireless communication technology start-ups in the region such as M-Stream, Pro-Vision, Air Semiconductor, MMIC Solutions and Xmos, and a strong pipeline of VC deals which will take us through the $1billion invested milestone by the end of this year”
Top SW wireless communications technology recipients of VC funding (2006/7):
1. Icera - $60m
2. Ubiquisys - $37m
3. Apertio - $30m
4. picoChip - $27m
5. Mirics - $10m
An additional $25m+ of VC has been raised by: Air Semiconductor, Geonix, MMIC Solutions, Nanotech, SiConnect, SRT and Xmos during 2006/07.
Silicon South West will be hosting the Wireless 2.0 conference with speakers from the sector’s leading companies on 28 Sept, 2007 in Bristol.
For details and booking information see: www.siliconsouthwest.com.
Notes to editors:
Silicon South West (www.siliconsouthwest.com) is the industry network for semiconductor, wireless, and microelectronics companies in the region. It is managed by SETsquared’s business incubators for high-tech start up ventures – see: www.setsquared.co.uk
For further information contact:
T. 01225 388 682
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