Wireless semiconductor company secures $14 Million

Peregrine Semiconductor, a supplier of high-performance integrated circuits for wireless communications, announced that it has raised $14M in the first tranche of its Series A1 round.

"This investment, which was led by Morgenthaler Ventures and Wasserstein Ventures, provides the funding we need to grow Peregrine Semiconductor and reach profitability," said Dr. Stav Prodromou, president and CEO. "Peregrine is poised for growth in its served markets of wireless communications, space and defense applications and CATV switching components. While the financing environment continues to be very challenging, we are pleased at the strong support of our existing venture investors, including APAX Partners, CSK Ventures, CDIB Ventures, H&Q Global Alliance, Intel Capital, Needham Capital Partners, and Roser Ventures."

Known for its patented process, UTSi (Ultra Thin Silicon) CMOS on an inherently insulating sapphire substrate, Peregrine Semiconductor develops chips that combine high frequency and low power in highly-integrated RFICs. The ability to provide high-performance at a low cost makes Peregrine's chips ideal for wireless communications, space and defense applications and CATV/set-top box video switching markets.