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AsicAhead Secures $10 Million in Series B Round of Funding

AsicAhead NV, a leading provider of advanced mobile Radio Frequency Integrated Circuits (RFICs) for the WiMAX market, recently announced that it has raised $10 million in its series B round of funding. The funds will be used to expand the company’s product portfolio, broaden its customer support, and market its patent-pending AA1001 – the first “on the fly” reprogrammable single-chip radio solution that enables WiMAX-connected devices and systems to be deployed worldwide.

The round of funding was led by Capital-E and included current investors LRM, SHF and Allegro. According to Capital-E partner Marc Wachsmuth, “We were impressed by the industry’s positive reception to AsicAhead, and encouraged by the progress the company has made in delivering the most advanced solution for 802.16e. We also see strong potential and exciting possibilities for AsicAhead’s technology, beyond WiMAX.”

The company announced that the funds will be used to market the Company’s AA1001 Worldwide WiMAX Radio, boost customer support and expand the company’s product portfolio.

“Customer enthusiasm has shown us we clearly need to continue building out our product roadmap and bringing our technology to companies that are developing broadband wireless access, mobile data and cellular applications,” said Joan Ceuterick, Chief Executive Officer and co-founder of AsicAhead. “The support by Capital-E and our other investors reinforces our resolve to deliver state-of-the-art, easily reconfigurable standard products for global wireless connectivity.”

“We participated in the first round of funding and are pleased to be part of this second round,” said Roger Buteneers, CEO of LRM, “We see tremendous potential in the innovative architecture and products and look forward to working with AsicAhead as they pursue their expansion plans.”

AsicAhead’s funding will be provided in two equal parts, with delivery of the second half made available when defined milestones are reached.

AsicAhead NV is a fabless semiconductor company that serves the mobile and wireless markets with reconfigurable RFIC components for flexible, cost-effective deployment of devices and systems worldwide. AsicAhead’s advanced, patent-pending single-chip programmable radios support a universal frequency range and multiple standards, and can be switched between communication protocols and bandwidths on the fly. Privately held, AsicAhead was founded in 2003 and is headquartered in Hasselt, Belgium.

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