In addition Stata Venture Partners will contribute funding to Provigent’s forth-round of financing which will increase to $17
million. Stata Venture Partners joins Provigent’s existing world-renowned technology investors; Sequoia Capital, Pitango Venture Capital, Globespan Capital
Partners, Ascend Technology Ventures, Magma Venture Partners, Delta Ventures, and Dr. Andrew Viterbi, co-founder of QUALCOMM.
"Provigent is addressing an exciting market opportunity by establishing a new level of silicon integration and algorithm
innovations within the wireless transmission market." stated Mr. Ray Stata "The economies of scale and the benefits of specialization which
Provigent leverages as a merchant silicon provider are key drivers behind its success. I am pleased to contribute from my experience and help provide
guidance for Provigent’s continued growth" concluded Mr. Stata.
"We are excited to have a world-renowned industry leader such as Mr. Ray Stata join our Advisory Board." stated Dan
Charash, Provigent’s CEO. "His involvement and guidance are of great importance to all of us at Provigent. With Mr. Stata’s help and with the
funding provided by Stata Venture Partners we will strengthen Provigent’s leadership position and accelerate our growth."
Provigent's field-proven, mass production SoC solutions offer significant system level enhancements while lowering overall
system cost. With an established economy of scale, significant R&D investments and a focused dedication to the broadband wireless transmission industry,
Provigent continues to establish itself as the market’s leading SoC provider.
About Provigent
Provigent, a fabless semiconductor company, is a leading supplier of SoC solutions for the broadband wireless transmission industry. The company is financed by leading venture capital companies and private individuals such as Andrew Viterbi, co-founder of QUALCOMM (Nasdaq: QCOM).
More information is available at,
On the web: www.provigent.com.
Company contacts:
general; info@provigent.com,
media; pr@provigent.com
Media contacts:
Ms. Karen George, AccessM3, CA,
(562) 283 2083 ext 302, Karen@AccessM3.com
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