San Diego chipmaker Anokiwave said on Sept. 5 that it wrapped up its series C funding round. The business did not specify an amount. Anokiwave said it plans to use proceeds to grow the company.
Participants included new investor Gefinor Capital. Also participating were US Boston Capital Corp. and its affiliate Pear Tree Partners, as well as other previous investors. Chris Davis of Gefinor will join Anokiwave’s board of directors as part of the financing round.
Anokiwave produces chips for fifth-generation (5G) wireless communications, mobile satellite communications as well as aerospace and defense markets that require millimeter wave, active antenna-based solutions.
“This latest funding round allows us to accelerate the introduction of our second generation of ICs [integrated circuits], to develop the third generation of ICs, and to grow our teams worldwide to continue our leadership position in the market,” Robert S. Donahue, Anokiwave’s CEO, said in a prepared statement.
The San Diego business has design centers in Phoenix and Boston.