picoChip, a Bath, UK-based provider of semiconductors, software and systems that enable mobile voice and data services, announced that it has completed a $20m funding round.
The company, which provides technology for femtocell basestations and semiconductors for WiMAX infrastructure, will use the funds to accelerate growth and win market share.
Commenting on the funding, picoChip’s CEO Nigel Toon, said: “This investment strengthens our balance sheet and fully funds us through to IPO”.
Investors in the company include Atlas Venture, Highland Capital Partners, Pond Venture Partners, Scottish Equity Partners, Rothschild, AT&T, Intel and Samsung.
The company is also located in Beijing, China