Sunnyvale, Calif. -- Ubicom, a Sunnyvale-based developer of communications processors and software, said on Tuesday that it has raised $18 million in its fourth round of funding, co-led by Lehman Brothers Venture Partners and Samsung Venture Investment. Several of the company's previous investors also participated. "This new round of funding will allow us to scale in our engineering, sales and marketing efforts, as we continue our rapid revenue growth and expansion into new markets," said Cathal Phelan, the CEO of Ubicom. Ubicom supplies its processors and operating system to manufacturers of products such as wireless routers, access points and connected digital photo frames.
http://www.ubicom.com
http://www.ubicom.com/newsevents/pressarchive/2008/20080219_Series4_Financing.php
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