English
Orca Systems Raises $5 Million in Series B Funding Round
Ventureast Invests to Drive Customer Acquisition and Further Development of the Disruptive Technology
POWAY, California, July 11, 2011 – Orca Systems, Inc., a fabless semiconductor and intellectual property licensing company creating advanced CMOS radios for wireless technology, announced that it has closed series B funding of over $5 million from new investor Ventureast. The round brings Orca’s total financing to approximately $7 million. Additionally, Raghu Mendu and Siddhartha Das, both General Partners of Ventureast, have joined Orca’s Board of Directors.
"With the accelerating adoption of wireless communication in consumer products, we were looking for emerging leaders like Orca with game‐changing technology and strong leadership to execute their vision. Orca has demonstrated path breaking, world‐class innovation with significant capital efficiency by leveraging the immense talent pool in India" said Raghu Mendu.
"We appreciate the recognition from the investment community. This support from a seasoned VC firm further validates our technology and underscores the immense market opportunity we address," said Guruswami Sridharan, CEO of Orca Systems. "We are executing on our vision and this additional capital provides the fuel to drive new product development in addition to marketing and sales initiatives to win customers and grow our market share.”
About Ventureast
One of the earliest funds in India, Ventureast is a pioneering venture capital firm with over a decade of investing experience in seed, early and growth stage companies in India. Guided by a singular vision, Ventureast has enabled over 50 businesses in ICT – Technology, Healthcare & Life Sciences, Cleantech, besides other emerging sectors. For further information please visit www.ventureast.net
About Orca Systems, Inc.
Orca Systems, Inc., is a fabless semiconductor and intellectual property licensing company providing highly integrated radio frequency (RF) and modem technology delivering leading edge solutions for high performance wireless applications. The foundation for Orca’s solutions is DSP‐RF™ an innovative technology platform that provides industry leading silicon area, power consumption and RF performance across a wide range of applications. Orca is headquartered in Poway, California, and has a development office in Bangalore, India. For further information please visit www.orcasystems.com.
|
||||||
Related News
- Flex Logix Raises $5 Million In Series B Funding
- Tiempo, IP company with breakthrough ultra-low power asynchronous design technology, raises 5 million Euros ($7 million) in Series B funding
- Expedera Raises $20M Series B Funding Round Led By indie Semiconductor
- Chiplet Interconnect Pioneer Eliyan Closes $60 Million Series B Funding Round, Co-led by Samsung Catalyst Fund and Tiger Global Management to Address Most Pressing Challenge in Development of Generative AI Chips
- Celestial AI, the Creator of the Photonic Fabric Optical Interconnect Technology Platform, Raises $100 Million in Series B Funding
Breaking News
- RISC-V International Promotes Andrea Gallo to CEO
- See the 2025 Best Edge AI Processor IP at the Embedded Vision Summit
- Andes Technology Showcases RISC-V AI Leadership at RISC-V Summit Europe 2025
- RISC-V Royalty-Driven Revenue to Exceed License Revenue by 2027
- Keysom Unveils Keysom Core Explorer V1.0
Most Popular
- RISC-V Royalty-Driven Revenue to Exceed License Revenue by 2027
- SiFive and Kinara Partner to Offer Bare Metal Access to RISC-V Vector Processors
- Imagination Announces E-Series: A New Era of On-Device AI and Graphics
- Siemens to accelerate customer time to market with advanced silicon IP through new Alphawave Semi partnership
- Cadence Unveils Millennium M2000 Supercomputer with NVIDIA Blackwell Systems to Transform AI-Driven Silicon, Systems and Drug Design
|
E-mail This Article | 
|
|
Printer-Friendly Page |