TransDimension, a start-up based in Irvine, California, raising a total of $18.35 million in new funding for its peripheral connectivity solutions. TransDimension’s product lines include the integrated circuits, IP cores and USB software stacks that enable direct connectivity for a wide range of PC peripheral applications and mobile devices. Proceeds from the financing were used in part to acquire the assets of the ARC International Peripheral Connectivity business including the ARC USB and Ethernet IP cores, CertiPHY capability and USB system support and development tools. The acquisition will enable TransDimension to expand its wired USB product base by leveraging the ARC USB IP cores and to further develop the company’s peripheral connectivity focus into wireless USB used in high-volume consumer electronic devices.
TransDimension recently shipped its five millionth embedded USB host controller and has secured customer wins with NEC Electronics Corporation and STMicroelectronics. TransDimension also recently announced that it has joined the WiMedia Alliance, an industry alliance focused on Ultra Wideband (UWB) wireless connectivity.
VantagePoint Venture Partners led the Series D financing, with participation by iSherpa Capital. Additional investors include GKM Ventures, Rolling Oaks Capital, and Shelter Capital Partners. http://www.transdimension.com
