Portfolio News: Palma Ceia Closes Series B Funding, Internet of Things Connectivity to be Accelerated

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Palma Ceia SemiDesign (PCS), a fabless semiconductor company offering wireless chips, modules, systems and IP supporting emerging Machine-to-Machine (M2M) WiFi and cellular standards for the Internet of Things (IoT), today announced it has completed a Series B round of financing. Leading the round is Global Connective LP, a U.S. subsidiary fund of Inspiration China Ltd Pty, based in Adelaide, Australia. Inspiration China has extensive experience with China’s wireless and industrial sectors, key markets for Palma Ceia. Inspiration China’s business model is to assist international leading technology companies in accessing global markets, especially China’s booming market.

Read the press release here