Peregrine Semiconductor Raises $17.6M

San Diego-based Peregrine Semiconductor has raised $17.6M in a Series C financing. The round was led by Ridgewood Capital and Palisades Ventures, and included participation by existing investors Morgenthaler Ventures, Technology Venture Partners, Australasian Media and Communications FUnd, newLight Ventures, and Wasserstein Ventures. Peregrine develops RF semiconductors targeted at the wireless infrastructure, broadband, GPS, and military segements. The company said the funding would be used to expand production capacity to meet customer needs. Michael Banks of Palisades will join the company's board. More information »