Mimix Broadband, Inc., a leading fabless semiconductor company, announced today that it has secured $10M of additional investment in its fourth round of institutional financing. The investment from GaAs Labs and participation in the round by existing investors will allow Mimix to pay off debt and provide working capital to the company for further growth in the diversified microwave and millimeter-wave marketplace.
Commenting on the Mimix investment, John Ocampo, President of GaAs Labs, noted, "We believe Mimix is well positioned in the diversified microwave and millimeter-wave marketplace, and we are excited about building on its existing product offering and strong management team to continue its growth as a leading semiconductor supplier."
Rick Montgomery, CEO of Mimix Broadband, stated, "We are very pleased that GaAs Labs chose to invest in Mimix to close this new round of funding. The executives at GaAs Labs bring a wealth of industry experience that will assist Mimix as we continue to capitalize on the significant market opportunity for microwave and millimeter-wave semiconductors that is being driven by the increasing demand for higher bandwidth and power."
