California-based semiconductor company SiBEAM Inc has closed $36.5m in series D funding led by Foundation Capital. The financing will be used to push its 60 GHz wireless chipsets into the mainstream marketplace while funding future projects and further expansion.
SiBEAM develops millimeter wave technologies for wireless communications. Technologies such as SiBEAM’s 60 GHz wireless chipset facilitate the high data-transfer rates needed for wireless transition of high-definition content, such as digital TV.
Adam Grosser, general partner at Foundation Capital, said, “SiBEAM continues to deliver on its promise to bring high quality, lossless wireless high definition capabilities to the audio-visual home entertainment market.”
Headquartered in California, Foundation Capital invests in the early stages of companies’ development.
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