Our comments and trackback policy You Link We Follow, You Comment We Promote

Sunnyvale, California based communications processor and software solutions provider, Ubicom Inc., has raised $7 million in the Series E. With this round of funding, the total amount raised by the company to date has reached $140 million. The current round was participated by returning backers including August Capital, Mayfield Funds, Levensohn Venture Partners, Lehman Brothers Venture Partners and Investcorp Technology Partners.

According to Ubicom’s CEO, Gangesh Ganesan:

The support of our investors in putting together this most recent financing underscores the technology and market momentum of our products.

We have a strong group of investors with a long-term vision for the company’s continuing and accelerated growth in the 32-bit embedded CPU market. Our StreamEngine 7000 family of products, based on the UBICOM32 architecture, will be targeting the broader 32-bit communications, media and embedded markets. We have many exciting new solutions and customers that will be announced in 2009.