Provigent, a semiconductor company that produces “Systems on Chip” (Soc) for the wireless industry, has raised $10 million in fifth-round funding from Lightspeed Venture Partners according to VentureBeat. The California and Isreal-based firm will use the money to develop chips for wireless applications and 4G base stations. In addition, the new round will help Provigent expand internationally although it’s already active in Europe and Asia.
Previous investors include Sequoia Capital, Pitango Venture Capital, Globespan Capital Partners, Magma Venture Partners, Ascend Technology Ventures, Delta Ventures, Stata Venture Partners and Viterbi Group. Its Advisory Board includes Dr. Andrew Viterbi, co-founder of Qualcomm, and Ray Stata, co-founder of Analog Devices.
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