SANTA CLARA, CA – Beceem Communications, Inc. announced that it raised more than $40 million in a series D financing.  The company was created in 2003 with the goal of building a wireless technology company offering semiconductor solutions for the wireless broadband market.

The round was led by Toronto, Ontario-based Teachers’ Private Capital, with investment from NEC Corp, Global Catalyst Partners, Khosla Ventures, KTB Ventures, Intel Capital, Sequoia Capital and Walden International.

The company intends to use the proceeds to invest in new product development and strengthening the company’s development capabilities for future products.