Wavestream Gets $28M

San Dimas-based Wavestream, a developer of high-efficiency, solid-state power amplifiers, has raised $28M. Wavestream said yesterday that it received the funding from Oak Investment Partners, which led the round. Wavestream said that it will use the funding to expand its product line and move into new markets. Wavestream's products are used for commercial and military applications, including satellite links, radar, and directed energy. More information »