Sunnyvale-Based SiBeam Lands $36.5 Million in Fourth Round

Sunnyvale, Calif. -- SiBeam, a Sunnyvale-based high-speed wireless communication platforms, said on Tuesday that I thas raised $36.5 million in its fourth round of funding, led by Foundation Capital. Previous investors U.S. Ventures Partners (USVP) and New Enterprise Associates, and new backers Lux Capital, Hatteras Funds. Best Buy and Cisco also contributed. "With these funds, we can grow our business toward profitability in the burgeoning wireless A/V market,” said John LeMoncheck, the president and CEO of SiBeam. Founded in 2004, SiBeam has developed 60 GHz semiconductor technology for the wireless transmission of high-definition (HD) video, audio and data.
http://www.sibeam.com
http://finance.yahoo.com/news/SiBEAM-Inc-Secures-365-bw-1493615205.html?x=0&.v=1