Sony invests in Cambridge Silicon Radio

Cambridge Silicon Radio has completed its recent round of funding with an investment by Sony Corporation which is said to have brought the total raised to $50m (E52.3).

Cambridge Silicon Radio (CSR) recently announced that it had closed its funding round, having received commitments from a diverse group of investors including Compaq, Philips, 3i, ALPS, Amadeus, ARM, Capital Research, Gilde, Intel Capital, Mustang Ventures, Razorfish, Virata and Wavecom. By the middle of November last year the company was believed to have already raised $34m via a private placement.

CSR will use the funds raised to further invest in the development of its single-chip Bluetooth solution, BlueCore, and to accelerate the company's global expansion.

Aki Tsukagoshi, President of CSR Japan, said: “The addition of Sony as an investor represents the completion of a major fund raising effort that has attracted an impressive list of investors who wish to be a part of the future success of our Company. The funds raised will help to further secure our leading market position and take full advantage of the opportunities in the single-chip radio market and the anticipated explosion in Bluetooth.”

CSR designs and manufactures single-chip radio devices – focusing initially on solutions for the 2.4GHz Bluetooth personal area-networking standard. CSR is headquartered in Cambridge, UK. It was founded in 1998 to develop true single-chip radio devices.