IceFyre Raises $10 Million for WLAN Chips

IceFyre Semiconductor, a start-up based in Ottawa, Canada, closed a US$10 million funding round for its dual-band and MIMO solutions for WLAN-enabled consumer electronics. The company offers small, low-power, high-performance chipsets aimed at consumer devices, such as cell phones, home entertainment components, and even toys and games, that will require Wi-Fi connectivity. This latest round included participation by existing investors: Kodiak Venture Partners of Waltham, Massachusetts; Prism Venture Partners of Westwood, Massachusetts; Freescale Semiconductor of Austin, Texas, a subsidiary of Motorola Inc.; Covington Capital of Toronto, Ontario; TD Capital Technology Ventures of Boston, Massachusetts; and VenGrowth Capital of Toronto, Ontario. IceFyre expects a second close with select strategic investors. The company has raisedhttp://www.IceFyre.com