Alereon Inc., an Austin, Texas-based fabless semiconductor
company developing ultrawideband wireless chipsets, has called down around $18.5
million in additional Series B funding, according to PE Hub. The company had
previously raised $21.53 million in Series B funding at a post-money valuation
of approximately $80 million. Backers include Pharos Capital Partners, Austin
Ventures, Centennial Capital Ventures, Duchossois Technology Ventures, PTV
Sciences, eCentury Capital Partners and Genesis Campus. The company is striving to replace the
complex tangle of wires that interconnect today’s electronic devices with
wireless links. We think everyone can
appreciate the benefits that would come from Alereon achieving this mission!