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Altair Semiconductor Raises $25M

By TechTaffy Desk

Israel-based Altair Semiconductor has completed a $25 million round of funding from existing investors Bessemer, BRM, Giza, JVP and Pacific Technology.

Oded Melamed (Co-founder and CEO, Altair ): As LTE networks reach coverage parity with 3G in key markets, carriers realize that removing 3G and adapting LTE-only is the most efficient way to significantly lower costs and increase mobile broadband attach rates.

Altair’s products have been integrated into more than 100 different product models, including tablets, Ultrabooks, portable hotspots, USB dongles and routers, designed by more than 30 global customers, according to the company.

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