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UK - Icera closes $20m investment from 3i

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Icera Inc, the cellular wireless semiconductor company, today announced that 3i has invested $20m in the company as an extension to its recent series-C funding round, which now totals $60m. 3i joins an investor group comprising Benchmark Capital Europe, Atlas Venture, Accel Partners and Amadeus Capital Partners. Icera has now attracted over $100m in venture funding since it was founded in 2002.

The new funding positions Icera to execute on its expansion strategy and to establish leadership in the cellular wireless market. Icera’s technology - the Livanto® wireless soft modem - is a disruptive new architecture for mobile phones and datacards. Together with Icera’s Adaptive Wireless™ software, Livanto® delivers the world’s highest performance cellular broadband via the latest version of the 3G air interface standard, HSDPA, enabling consumers to download large email files with attachments, speedily access web pages and download music tracks onto media players over the air in seconds. Already supporting 2.5G standards, GSM, GPRS and EDGE, Livanto® will be developed for additional air interfaces, including HSUPA, WiMAX and Mobile Digital Video, which can be consolidated on the same device.
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