By VentureWire Staff Reporters

Provigent Inc., a provider of system-on-a-chip technology for broadband wireless transmissions, has received $2 million in add-on funds, closing its third financing round at $10 million.

All of Provigent's previous third-round investors - Sequoia Capital, Pitango Venture Capital, Magnum Communications Fund, Ascend Technology Ventures, Delta Ventures and Andrew Viterbi, co-founder of Qualcomm Inc. - provided the additional funding. The round is co-led by Sequoia and Pitango.

The company held an $8 million first tranche of its third round in September. Since then, the company has gained "significant traction with new customers" primarily with the introduction of its PVG310 single-chip modem, said Chief Executive Dan Charash. "While good news, it also placed us in a financial burden." Charash said Provigent needed more funding to provide higher level support for its new customers and therefore decided to increase the round. He noted that the start-up has already achieved 20 design wins to date.

Provigent develops system-on-a-chip technology that it says provides increased bandwidth, extended range and enhanced flexibility at lower system costs.

Based in Los Altos, Calif., the company currently has 43 employees and is looking to expand to around 50 within this year. The start-up has raised $21 million in funding to date.

Originally published by Dow Jones VentureWire.