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Sandbridge Technologies develops a programmable chip for mobile phones that will allow manufacturers to pack in more functionality at a much lower price.
Sandbridge Technologies says it's the first chipmaker to cram an entire medley of cell phone standards into a single handset.
Sandbridge Technologies announced Friday that it raised $14 million in its first round of funding. Bessemer Venture Partners, Atlas Venture and Columbia Capital all contributed to the round. The White Plains, N.Y.-based company will use the financing to market and develop its products, which are chips for mobile phones that run on 3G, or third-generation, technology.
The blade server company has now raised a total of $100 million...Sandbridge Technologies gets $19.5 million...Sabrix grabs $10.5 million.