Cupertino's Sequans Communications Raises $24 Million in Funding

Cupertino, Calif. -- Sequans Communications, a Paris-based supplier of WiMAX chips with U.S. headquarters in Cupertuino, said on Monday that it has raised $24 million in a new round of private equity funding led by Kennet Venture Partners, a British private equity firm with U.S. headquarters in Foster City. Previous investors Add Partners, Cap Decisif, T-Source, SG Asset Management and Vision Capital also participated. "We will use our new funding to grow our organization, particularly in the areas of sales and customer support," said Georges Karam, the CEO of Sequans.
http://www.sequans.com/site/news_july2406.html