As waves of terror roll through the venture industry, some brave VCs continue to invest – albeit slowly.
Wavesat hopes to capitalize on 4G migration
Partners at BDR Capital, BDC Capital and Multiple Capital announced Tuesday they had put $11.7 million Canadian dollars in Wavesat, the maker of a chipset for 4G mobile broadband technology. Telecommunications companies continue to claim they are moving at a fast pace toward this next generation network technology that enables faster, more data intensive communications from cell phones and network-aware mobile devices.
According to a press release, Wavesat delivers silicon that lets customers deploy multiple wireless broadband technologies such as WiMAX Wave 2 and XG-PHS, and to migrate to 4G technologies such as LTE.
Wavesat of Montreal plans to show off its product line at the Mobile World Conference Feb. 16 through 19 in Barcelona, Spain.
