Altair Semi Raises $22 Million

Altair Semiconductor, a Hod Hasharon, Israel-based developer of mobile WiMAX processors for handsets and other handheld devices, has raised $22 million in Series C funding. Pacific Technology Fund led the round, and was joined by ETF Venture and return backers Bessemer Venture Partners, Bessemer Venture Partners, BRM Capital, Giza Venture Capital and Jerusalem Venture Partners.

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