Nujira Ltd, the UK-based world leader in Envelope Tracking (ET) technology, has closed a new funding round, raising $20 million to support production ramp of its Coolteq chips, and to fund continued development of the company’s long term product roadmap. Each of the existing investors participated in the round. New investors include GAM and Investec as well as other institutional and high net worth clients.
Envelope Tracking is a power-saving technology for mobile devices like smartphones. Nujira, which was founded in 2002, is currently engaged with all major smartphone chipset vendors and expects its Coolteq.L ET chips to be designed into 4G smartphones in 2014. The semiconductor company is headquartered in Cambridge and employs over 60 people.
Tim Haynes, CEO, Nujira said: “Envelope Tracking will shortly be a standard component in 4G smartphones and tablets, but we aren’t just focused on how ET can be implemented in the latest handsets; we are already working on the next three generations of our ET chips. The company is in a strong position, we have good traction with some world-leading customers and we have a compelling product roadmap. The new investment will be important in helping us execute our aggressive growth plans, as we look to take advantage of our position as the leading authority on ET.”
To support its product development roadmap Nujira will shortly be opening a new design centre in Santa Clara, California. Adding to Nujira’s design team in the UK, the new office will focus on the development of next generation ET ICs. It will also provide a base for local applications and operations support to American customers and partners.