Ubicom, a start-up based in Mountain View, California, secured $21 million in a Series II financing round for its wireless network processor and software platforms. Ubicom has developed a new processor architecture designed for real-time tasks and low latency. The company said its system can process packets twice as fast as typical solutions, improving response times for games, voice, and other interactive applications. The Ubicom platform also uses proprietary design techniques to enable the high-performance execution of software I/O -- a technique that implements all communications and control functions in software.
The funding round was led by August Capital and Levensohn Venture Partners, and included Dado Banatao -- co-founder of S3, Chips & Technologies, and Mostron -- and Ubicom's existing investors. http://www.ubicom.com
- Ubicom is headed by Douglas Spreng, who previously was president and chief operating officer (COO) of Applied MicroCircuits Corporation (AMCC). Prior to that, he was president and CEO of MMC Networks (acquired by AMCC). Prior to MMC Networks, Spreng was executive vice president of the Client Access Business Unit at 3Com.
