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Posts Tagged ‘advanced antennas’

Florida-based SkyCross beams in $11M for advanced wireless antennas

Tuesday, May 24th, 2011

SkyCrossVIERA, FL – SkyCross, which develops and makes advanced antenna and radio frequency solutions, has closed on an $11 million, the first installment of its E round of financing. The company said it expects to close a second tranche in the round, up to $15 million, by early June. It says this is likely to be its final round of equity financing.

The capital raised will be used to support the company’s rapidly increasing business in Asia and the United States.

Significantly, the round includes new equity from DOCOMO Capital as a strategic investor. DOCOMO Capital is a corporate venture arm of NTT DOCOMO, the world’s leading mobile operator. Existing investors including TL Ventures, Investor Growth Capital, Gabriel Venture Partners, Intel Capital, and a group of long standing individual investors also participated.

SkyCross continues to grow due to strong global demand for the company’s unique RF technology and design expertise for wireless products, such as tablets, smartphones, and multiband USB modems. Increasingly, these devices require multiple antennas, creative 3D design and manufacturing techniques, and 4G MIMO functionality for LTE.

“SkyCross technology and expertise are key factors in meeting the growing, worldwide demand for 4G/LTE wireless devices,” said Tomoya Hemmi, President and CEO of DOCOMO Capital, Inc. “MIMO antenna technology is a key enabler of LTE performance, and SkyCross solutions address this global market need. We are pleased to participate in this round as a new strategic investor.”

Florida’s SkyCross names wireless veteran Ben Naskar CEO, chair

Thursday, November 18th, 2010

SkyCrossVIERA, FL – SkyCross, which develops and makes advanced antennas, has named wireless industry veteran Ben Naskar CEO and chair. Naskar succeeds outgoing Chairman and Acting CEO, Dennis McKenna, who had previously announced his plan to retire at the end of 2010.

Naskar has more than 20 years of experience in the wireless semiconductor industry. Prior to joining SkyCross, he was a corporate officer, vice president, and general manager of the Wireless Networking Business Unit at Atheros Communications. In this position, Naskar grew business unit revenue by 200 percent over three years, gaining market share in all product segments.

Previously, Naskar served as vice president and general manager of the Communications Group at PMC-Sierra. Naskar also has hands-on experience in Asia, where SkyCross has five facilities. For more than eight years, he was the China-based vice president and managing director of Asia at Analog Devices, growing a $55 million division to $650 million in revenue within six years.

Naskar also headed a successful startup as CEO and president of Magfusion, a provider of RF MEMS devices, and has led M&A transactions valued at several hundred million dollars. Earlier, Naskar held senior management positions at National Semiconductor and Advanced Micro Devices.