Semiconductor Raises $9.85M Series A"
December 10, 2002
By Michelle Tsai
SANTA CLARA, CALIF. -- Analogix, a fabless semiconductor
company that develops analog and mixed-signal integrated circuits,
said it has raised $9.85 million in a Series A round.
New investors Woodside Fund and DCM-Doll Capital Management co-led
the round with near equal contributions, while IDG Technology Ventures
also participated in the deal. Daniel Ahn, managing director of
Woodside Fund, and Peter Moran, general partner at Doll Capital
Management, join the board of directors.
Woodside Fund formed Analogix in order to develop physical layer
semiconductor technology. Analogix is developing 10 Gbps transceivers
to improve fiber performance over standard copper, enabling systems
vendors to upgrade their current systems more cheaply.
"Their architecture allows them to very easily scale to a
much higher performance than anything on the market, and we feel
it's higher performance than any other potentially competing architecture
could scale to," said Mr. Ahn. He pointed out that competitors
typically have a 2.5 Gbps transceiver for transmission over standard
copper, and those that offer 10 Gbps are putting four 2.5 Gbps transceivers
together. "There isn't anything close to 10Gps. Not even 5Gps,"
The venture firm has recruited Kewei Yang, formerly a vice president
of engineering at HotRail, as acting CEO for Analogix. HotRail,
which was sold to Conexant, was a fabless semiconductor company
in Woodside Fund's portfolio.
With the new funding, Analogix will complete product development
and launch. The startup will begin sampling in the middle of 2003.
Analogix telephone: 408-988-8848