Hellosoft Inc., a provider of software intellectual property for wireless communications, raises $11 million

Hellosoft raises $11 million, eyes an IPO
By K.C. Krishnadas, EE Times
June 19, 2003 (2:06 p.m. EST)
URL: http://www.eetimes.com/story/OEG20030619S0039

BANGALORE, India — Hellosoft Inc., a provider of software intellectual property for wireless communications, has raised more than $11 million in venture capital, to be used mainly to fund sales and marketing plans.

The company (San Jose, Calif.), which has its design center in Hyderabad, India, raised the funds from Venrock Associates, Sofinnova Ventures, Acer Technology Ventures and Jumpstartup Fund Advisors.

Rama Rao Sreeramaneni, cofounder and general manager of Indian operations for Hellosoft, said the venture funding will take Hellosoft to the initial public offering stage, proposed for 2004.

The company is working on a fully configurable wireless LAN solution. “This unique offering allows semiconductor vendors the optimal path to integrate wireless LAN functions into next-generation SoCs,” he said.