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shares and existing shareholders will sell an additional 2.0 million shares. Lehman Brothers is the lead under- writer and the sole book running manager of the offering. JP Morgan Securities is acting as joint lead man- ager and UBS Securities and Adams Harkness are acting as co-managers. Eric Strid, co-founder, Chairman and CEO. www.cascademicrotech.com

GCT Semiconductor, a provider PHS and GSM/GPRS RF CMOS transceivers, has closed $20 million in Series D financing led by Samsung Venture Investment Corp. (SVIC) and including a strategic investment from UTStarcom. Other investors include East Gate Capital, Bokwang Investment Partnership, AT Ventures, KGI Partners and Nexus Investment Corp. Existing investors Parakletos Ventures and Pequot Capital, also participated. Dr. Kyeongho Lee, president and CEO. www.gctsemi. com

Inphi has secured $18 million from new corporate investors and business partner Cadence along with existing investors Tallwood Venture Capital, Mayfield Fund and Walden Interna- tional. The funding will be used to expand production to meet the in- creasing demand for Inphi’s DDR2 logic devices as well as to launch Inphi’s Advanced Memory Buffer (AMB) in early 2005. Ashok Dha- wan, president & CEO. www.inphi- corp.com

Ittiam Systems, a supplier of DSP technology, has secured $6.5 million from Banc of America Equity Part- ners-Asia as part of Ittian’s Series B funding round. Ittiam had earlier raised $5 million in Series A fund- ing in 2001 from Global Technolo- gy Ventures, which was co-founded by BAEP-Asia in 1999. Srini Rajam,

CEO and Chairman. www.ittiam. com

LanOptics (NASDAQ: LNOP), has signed a $14,364,000 private place- ment agreement with institutional investors for the sale of 1,368,000 ordinary shares, priced at $10.50 per share, and 478,800 five-year war- rants with an exercise price of $15.50. After this transaction, Lan- Optics’ consolidated cash balance will exceed $26M, all of which is dedicated to secure EZchip network processors. Eli Fruchter, President and CEO of EZchip and a member of the Board of LanOptics. www. ezchip.com, www. anoptics.com

O2IC (see Sept. 2002 profile) has se- cured $8 million in Series A funding from new investor KGIF Limited Partnership, jointly managed by STIC Ventures, KDB Capital and SKFT (Israel), and prior investor, the Dragon Group. In addition, the com- pany recently received a grant of technology funding from the Kore- an government. The company previ- ously raised $5 million.

The new funds will be used to com- plete the development of O2IC’s non-volatile memory technology called McRAM and introduce prod- ucts to the market later in 2005. O2IC has developed a fully functional 1M McRAM, which uses a standard 0.25u 23 mask foundry CMOS Log- ic process with the addition of a sim- ple proprietary process module. McRAM can read and write like an SRAM, DRAM or PseudoSRAM and features low programming cur- rent and DMA inside the chip. O2IC was founded in 2001 and has offices in Santa Clara, California and Seoul, Korea. Dr. Kyu Choi, founder and McRAM inventor www.o2ic.com

Sequoia Communications, a multi- modal RFIC startup, has secured $15 million in an over-subscribed Series D round of financing led by Gabriel Ventures and including all previous investors: Nokia Venture Partners, Tallwood Venture Capital, Cadence and Huntington Ventures. Sequoia will launch its products in 2005. Dave Shepard, CEO. www.sequoia- communications.com

Silicon Design Systems, a next-gen- eration physical design company, has added Gemini Funds as an investor and expanded the amount of its Se- ries B investment funding to $9.2M. Gemini joins investors Carmel Ven- tures (lead) and Infinity Partners in the recently closed Series B funding. Gilo Ventures II, which led Series A funding, also participated in the Se- ries B round. K-Route extracts and analyzes timing and signal integrity at a much finer level of granularity than other tools, simultaneously op- timizing all domains. www. SiliconDS.com

TeleCIS Wireless has raised a sec- ond round of funding totaling $4 million, bringing the company’s to- tal venture funds raised to $8.7 mil- lion. ATA Ventures led the Series B round. Tom Williams was appoint- ed interim CEO while a formal search is conducted for a permanent CEO. Williams previously served as CEO of Bandwidth9 and held exec- utive roles in IC Works and Grey- hawk. www.telecis.com

WiQuest (see August 2004 profile) has closed $13M in Series A fund- ing led by Menlo Ventures and Palo- mar Ventures. WiQuest is building solutions for ultrawideband applica- tions, from mobile handsets and por- table gaming to audio/video systems. Matthew Shoemake, Ph.D., founder,

Copyright Pinestream Communications, Inc. 52 Pine Street, Weston, Massachusetts 02493 USA Tel 781.647.8800 Fax 781.647.8825 www.pinestream.com info@pinestream.com

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