Wavesat Raises $8 Million for WiMAX Chipsets

Wavesat, a privately-held company based in Montreal, Canada, raised $8 million for its OFDM Broadband Wireless (BW) silicon designs. Wavesat is developing WiMAX chipsets and Subscriber Unit MAC software. The company plans to offer a Base Station and Subscriber Unit reference design starting in Fall 2004 with a clear evolution towards 802.16e. Investors include Taiwan-based Pac-Link Management Corp., Skypoint Capital Corporation, BDC Venture Capital, Innovatech Montreal, Monet Capital and Sunsino Ventures Group. http://www.wavesat.com