Thursday, February 24, 2005

Wispry Raises $6.5M

Irvine-based Wispry has raised $6.5M in a Series A funding from Blueprint Ventures, American River Ventures, Sid R. Bass Associates and Shepherd Ventures, as well as existing investors. The company is developing tunable RF filters and RF switch products for the cellular phone market, based on MEMS technology. The company will use the funding to ramp development, production, and sales. Wispry is a corporate spinout of Coventor, and received initial funding of $1M in March of last year from the Tech Coast Angels. The company also said that it may consider a Series B round later this year to accomodate interest from several strategic investors. More information »