Resonext announced Monday that it raised an additional $14 million for its third round of funding.
The San Jose, Calif.-based company announced last March that it raised $25 million for the initial stage of the third round. Its total funding is now $68.5 million. Resonext will use the financing to continue to develop and bring its products into production and also to expand its sales and marketing efforts. The company makes chips for equipment that power wireless LANs (local area networks).
New investors such as Crimson Ventures, Hotung Capital Management, Asia Tech Group, Manitou Ventures and Infinity Global Investments helped supply the extra funding for the round along with old investors Norwest Venture Partners, WK Technology Fund and Oak Investment Partners.