"WiMax chipset minnow Sequans Communications has snagged a further $7 million (US$9.26 million) in VC investment as it attempts to battle larger rivals in the 802.16 silicon market.
The French startup today announced its latest cash injection, taking total investment to approximately $9 million ($11.9 million). The round was led by Add Partners and Vision Capital, and included SGAM (the investment arm of French bank Societe Generale) as well as previous investors I-Source Gestion and CapDecisif."
Very competitive space and likely to be only a few winners (e.g. 802.11 and Atheros)
[Unstrung]
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