SiBEAM, a pioneer of millimeter wave (mmWave) solutions and developer of high-speed wireless communications platforms, closed its D-round funding of $36.5 million.  The financing was led by Foundation Capital. All of SiBEAM's original investors contributed to this round including U.S. Ventures Partners (USVP) and New Enterprise Associates (NEA), joined by new partners in SiBEAM's success, Lux Capital and Hatteras Funds. Best Buy, and Cisco have also contributed strategic equity investments.

SiBEAM's advanced wireless technology solutions are designed for consumer electronics manufacturers, PC manufacturers, network infrastructure providers and others to incorporate into their next generation product lines for wireless communications. SiBEAM is currently expanding global sales and manufacturing operations to support the company's elevated growth rate and customer demand for wireless A/V connectivity solutions

The company's second generation of SiBEAM's WirelessHD chipsets, brought into mass production earlier this year, represents the company's movement into mass market applications with low cost, low power functionality. SiBEAM's latest chipsets also support advanced features demanded by today's consumer electronics market including 3D, HDCP and DTCP content protection that can be designed into A/V receivers, home theater-in-a-box systems, Blu-ray players, set-top boxes, media center PCs, and consumer laptops. 

As a founding member of the WirelessHD Consortium that includes 50 worldwide leaders in consumer electronics and personal computing industries, SiBEAM's OmniLink60™ Technology is the first WirelessHD-based solution capable of streaming uncompressed high definition video, audio and data. 

Founded in 2004, SiBEAM is a fabless semiconductor company developing intelligent millimeter wave technologies and leveraging the latest manufacturing methods to meet the demand for high-bandwidth services. SiBEAM is the first to build 60 GHz chipsets using CMOS technology.

Contact:
John LeMoncheck, president and CEO,SiBEAM, www.sibeam.com
Adam Grosser, GM, Foundation Capital, www.foundationcapital.com
Peter Hebert, co-founder and managing partner, Lux Capital, www.luxcapital.com