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Altair Semi Clears $18 Million Series B Funding

Wednesday, June 13, 2007 5:00:00 AM PDT | VentureDeal Staff

HOD HASHARON, ISRAEL -- Semiconductor company Altair Semiconductor announced the close of its second round of venture capital financing totaling $18 million.

Altair is developing low-power, small footprint and high performance mobile WiMAX semiconductors that provide broadband bandwidth to battery-operated handsets and devices.

Investors included lead Bessemer Venture Partners and previous investors BRM Capital, Giza Venture Capital and Jerusalem Venture Partners.

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