Wireless startups garner $515.5M in February

It looks like we're seeing a shift in the tide in terms of where the VC money is going in the wireless industry. For so long, the bulk of investments were going to start-up mobile application-type companies. Rutberg & Co., however, indicates that some 30 companies, primarily device, semiconductor and carrier infrastructure sectors, in February received a combined $515.5 million in VC money.

Leading the way was TerreStar Networks, the satellite firm that is developing an integrated satellite and terrestrial broadband network that will incorporate what it calls "4G technology." The company pulled in $300 million. WiMAX chipmaker Sequans received $28 million while wireless USB chip vendor took home $24 million.

To read more about VC money in the wireless industry:
- take a look at this article from Unstrung

Related articles:
- TerreStar mulls 700 MHz bid Report
- TerreStar picks Accenture for 4G network Report
- Telsima, Sequans capitalizing on Indian WiMAX market Editorial