picoChip Secures New Funding for Femtocell Silicon

picoChip, a start-up based in Bath, UK, has secured $20m of additional equity funding to support its s femtocell silicon products. As part of its growth plans, picoChip is adding engineers at its development centers in Bath and Beijing, and will move to a new headquarters in Bath, UK. The plans also include accelerated product development in key areas such as LTE, HSPA+ and self-organizing networks.


picoChip's femtocell solutions cover all the major 3G standards (WCDMA/HSPA+, TD-SCDMA and cdma2000/EvDO), as well as 2G (GSM/GPRS/EDGE) and LTE.


picoChip has secured over twenty-five femtocell customers including Alcatel Lucent, Sagem, Ubiquisys and ip.access.


The company also announced that it has passed the milestone of one million chips sold and is on track to achieve over 50% quarter-on-quarter sequential revenue growth this calendar quarter.
http://www.picochip.com