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Agilent unit invests in TelASIC

Posted: 06 Oct 2003 ?? ?Print Version ?Bookmark and Share

Keywords:agilent technologies? agilent ventures? telasic communications? rf? analog?

Agilent Technologies Inc. announced that Agilent Ventures has participated in the Series C Preferred Stock funding round for TelASIC Communications Inc. TelASIC is a fabless semiconductor company delivering RF, analog mixed-signal and digital solutions to the wireless marketplace, as well as the recently announced BaseFlex chipset for wireless basestations.

Agilent's investment was part of a round of funding led by Raytheon Co. and venture capital firms ComVentures, Mission Ventures and Redpoint Ventures, which raised $35 million in equity.

"Agilent's investment in TelASIC underscores our ongoing pursuit of innovative, early-stage technologies with seasoned co-investors," said Maximilian Schroeck, managing director of Agilent Ventures. "Our interest in TelASIC is aligned with our strategic interest in mixed-signal technology platforms that support a variety of Agilent test and measurement solutions."

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