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UK - Atlas et al invest $20m into picoChip

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Atlas Venture, Highland Capital Partners, Pond Venture Partners and Scottish Equity Partners have invested $20m into wireless infrastructure company picoChip, alongside Rothschild, AT&T, Intel and Samsung, in a Series E funding round.

Bath-based picoChip was founded in 2000. Having developed the world's highest performance multicore DSP, picoChip is a leader in the advanced wireless markets with its WiMax, HSPA and femtocell products. The company's technology is expected to enable telecom operators to remotely re-configure and upgrade their equipment without replacing it.

The new funding will allow the company to enter its next phase of growth.

The company has previously raised over $64 million from its investors.

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