Palma Ceia SemiDesign (PCS), a Mountain View, CA-based fabless semiconductor company, closed a Series B funding of undisclosed amount.
The round was led by Global Connective LP, a U.S. subsidiary fund of Inspiration China Ltd Pty, based in Adelaide, Australia.
The company intends to use the funds to broaden its market footprint.
Led by Roy E. Jewell, co-founder and chief executive officer, Palma Ceia SemiDesign is a fabless semiconductor company offering wireless chips, modules, systems and IP supporting emerging Machine-to-Machine (M2M) WiFi and cellular standards for the Internet of Things (IoT).
Target IoT markets include:
– Smart City
– Smart Home
– Smart Factory
Palma Ceia, which already has design operations in McKinney, Texas, and sales and support activities in Israel, Japan, Korea and Taiwan, is also establishing a wholly owned subsidiary in Tianjin, China. This facility will enable the company to accelerate expansion into the China market and to establish IC and software design and IoT application support teams in Tianjin and Shanghai.