$martEconomy

TenXc Wireless Receives $13.9 Million

TenXc Wireless, a mobile wireless network-focused radio frequency technology company, received $13.9 million in Series-A funding from VenGrowth Capital Partners, JK&B Capital (new, lead), Venture Coaches/Skypoint Capital, and BDC Venture Capital (returning).

Funds will be used for marketing and sales.

TenXc Wireless is locates in Ottawa, Ontario, Canada.

Lead Source: Business Wire

Five Early-Stage Companies Receive $574,250

Five companies in the northeastern region of Pennsylvania have received investments from Ben Franklin Technology Partners of Northeastern Pennsylvania totaling $574,250. The companies, all early-stage ventures, received individual investments ranging from $24,250 to $150,000 each.

Ben Franklin Technology Partners of Northeastern Pennsylvania invests in early-stage, technology-focused companies, and manufacturers. It also promotes community-wide infrastructure that fosters a favorable business environment for high-growth companies.

Ben Franklin Technology Partners of Northeastern Pennsylvania is located on the campus of Lehigh University in Pennsylvania. It has regional offices in Lewisburg, Reading, and Wilkes-Barre, Pennsylvania.

Lead Source: Business Wire

Orthogon Systems Receives $8 Million

Orthogon Systems, a broadband wireless system developer, received $8 million from Motorola Ventures (lead), Lighthouse Capital Partners (new), Atlas Venture and The Carlyle Group (returning).

Funds will be used for market expansion. Orthogon Systems also announced a technology licensing agreement involving Motorola's Canopy product line.

Orthogon Systems has offices in Ashburton, Devon, United Kingdom and Waltham, Massachusetts.

Lead Source: Business Wire

IP Unity Receives Crossborder Funding

IP Unity, a company that provides IP service solutions, including voicemail and messaging for TDM, IP and blended networks, received a growth investment from TELUS Ventures, an investment arm of  TELUS (TSX: T, T.NV; NYSE: TU) the second largest telecommunications company in Canada.

Financial details of the transaction were undisclosed.

IP Unity is located in Milpitas, California.

Lead Source: Business Wire

Inphi Receives $18 Million

Inphi, an electronics components company that develops integrated circuits, received $18 million in a round of funding from Cadence Design Systems (new),Tallwood Venture Capital, Mayfield Fund and Walden International (returning).

Funds will be used for production.

Inphi is located in Westlake Village, California.

Lead Source: Business Wire

TeleCIS Wireless Receives $4 Million

TeleCIS Wireless, a semiconductor company that develops chip technology for the broadband wireless industry, received $4 million in Series-B funding from ATA Ventures.

Funds will be used for expansion and business development. ATA Ventures' managing directors, Hatch Graham and Michio Fujimura will join the board. TeleCIS Wireless has also announced Tom Williams will serve as interim CEO. Prior to TeleCIS Wireless, Mr. Williams served as CEO or Bandwidth9.

TeleCIS Wireless is located in Santa Clara, California.

Lead Source: Business Wire

Optaros Receives Funding

Optaros, an open-source focused consulting and systems integration company, announced growth funding from Charles River Ventures and Bob Gett, founder and CEO of Optaros.

Funds will be used for product development.

Optaros is located in Cambridge, Massachusetts.

Lead Source: Business Wire

Hawaii Biotech Receives $15.5 Million

Hawaii Biotech, a biopharmaceutical company focused on small molecules with anti-flammatory activity and targeted, rapid response to emergency disease and bioterrorism, received $15.5 million from the National Institutes of Health (NIH) in separate grants.

Funds will be used for pre-clinical development of Hawaii Biotech's west nile virus and dengue vaccines and for its phase-one human clinical trial for the dengue vaccine.

Hawaii Biotech is located in Honolulu, Hawaii.

Lead Source: Business Wire

40 Health And Human Services NPOS Receive $400,000

Forty nonprofit organizations in New York and the tri-state area have been named as recipients of grants totaling $400,000 combined from Citigroup Employee Community Fund, a charitable program sponsored by employees and Citigroup Foundation. The fund has awarded up to $2 million to date.

The organizations, which are involved in health and human services in the New York tri-state area will be honored at a breakfast held December 16. Details about the program and current recipients, including the 2004 recipients may be found at the Citigroup website.

Lead Source: Business Wire

GCT Semiconductor Receives $20 Million

GCT Semiconductor, a semiconductor developer for the wireless communications industry, received $20 million in a Series-D round of funding from Samsung Venture Investment Corporation (lead), UTStarcom, East Gate Capital, Bokwang Investment Partnership, AT Ventures, KGI Partners, Nexus Investment (new), Parakletos Ventures and Pequot Capital (returning).

Funds will be used for production.

GCT Semiconductor has offices in San Jose, California and Korea.

Lead Source: Business Wire