Thursday, March 24, 2005
TelASIC Raises $26M
El Segundo-based TelASIC Communications has raised a Series D funding of $26M. Funding was led by ComVentures, and included existing investors Mission Ventures, The IPO Group, Agilent Technologies, and Redpoint Ventures. TelASIC is developing high performance analog and mixed-signal integrated circuits, and sub-systems for the 3G wireless infrastructure market. TelASIC's chip technology is used for wireless base station designs and next generation wireless networks. The company said that the fun (More info...)

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Pentadyne Gets $10M Follow On Funding
Chatsworth-based Pentadyne Power has raised a $10M follow on to its Series C funding. According to the company, it has raised an additional $10M from an initial $8M close on its Series C funding, bringing its total to $18M. New funding came from Rustic Canyon Partners. Previous investors in the Series C included Nth Power, DTE Energy Ventures, Accera Venture Partners, and Sempra Energy. Pentadyne said that it will use the funds to expand its product commercialization efforts. As part of the fund (More info...)

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Helicomm Ships ZigBee-Ready Terminals
Carlsbad-based Helicomm announced yesterday that it has released a new network terminal targeted at manufacturers and integrators of low cost wireless networks. The ZigBee-ready terminals are available in IEEE802.15.4 compliant 2.4GHz or 915MHz versions. Helicomm is targeting its technology in the low-data-rate, wireless market, used for data acquisition, remote monitoring, and control. Low cost wireless networks, and standards such as ZigBee are looking to fulfill demand by manufacturers and ot (More info...)

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CA, Quest Settle Patent Lawsuits
Irvine-based Quest Software and New York-based management software Computer Associates said this morning that the two companies have settled a patent lawsuit filed by CA against Quest. CA had claimed that Quest had infringed on CA's intellectual property rights in its database administration products. According to the companies, Quest will pay $16M plus royalties in a non-exclusive licensing agreement for the rights to the IP. The settlement removes a preliminary injunction which had prohibited (More info...)

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Gemstar Expands License With Sony
Los Angeles-based Gemstar-TV Guide said this morning that it has expanded its interactive programming guide license agreemen with Sony to the European Market. Gemstar said that the multi year agreement gives Sony the right to use Gemstar-TV Guide's intellectual products in interactive program guides for the European market. Gemstar holds patents for on screen programming guide technology, and also licenses its own interactive programming guide to Hitachi, Philips, Pionner, JVC, and many other se (More info...)

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