Date: Feb 24, 2014 Author: Sara Castellanos Source: bizjournals (
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by Sara Castellanos, Technology Reporter- Boston Business Journal
Newlans, an Acton, Mass.-based maker of broadband analog signal processing devices, announced today it raised $15 million in Series B funding led by California-based Intel Capital.
The money will be used to accelerate the company's development and commercialization of a device that targets front end radio frequency modules for 4G LTE mobile phones, according to a release.
Existing investors Paladin Capital Group and Lockheed Martin Corp., based in Washington DC and Maryland respectively, also participated in the round.
"This new funding is a significant milestone in realizing Newlans' game changing vision for (radio frequency) Front End solutions," said Dev Gupta, founder and CEO of Newlans in a statement. "We will use this funding to accelerate product commercialization, build-out our engineering and manufacturing team and engage early adoption partners and customers."
Newlans is a fabless semiconductor company specializing in reconfigurable broadband analog signal processing products, according to the company's website. The products break the inflexibility of fixed frequency RF systems and expand their capabilities while reducing cost, size and power consumption, according to the company.
