Copyright 2002 The Deal L.L.C.
The Daily Deal…06/17/2002
White Plains, NY-based Sandbridge Technologies, a developer of so-called "software defined radio" chipsets designed to allow handheld devices such as cell phones to easily shift between various transmission modes, including 3G and WiFi, has raised $14 million in a first round of funding.
The financing, which was received in two $7 million tranches in 2001, was led by Bessemer Venture Partners and included the participation of Atlas Venture and Columbia Capital. The new funds will be used to complete product development of the ultra-low power and multi-mode chipsets and to acquire licenses