Thursday, June 10, 2010

WaveConnex Gets $2.0M

Westlake Village-based WaveConnex, an early stage startup developing wireless technology based on millimeter-wave, 60Ghz signals, has raised $2.0M in a funding round from a single investor, according to a regulatory filing by the firm today. The company, which is based on technology developed by UCLA professor Frank Chang, includes the notable involvement of billionaire and Abraxis founder Patrick Soon-Shiong. The firm also lists former Strix CEO and CFO Gordon Almquist and Vitesse co-founder Ira Deyhimy as executives. Deyhimy serves as CEO of the company. The firm recently inked a deal for space in UCLA's on-campus California NanoSystems Institute. More information »