Javelin Semiconductor bought by Singapore company

Christopher Calnan

Staff Writer- Austin Business Journal

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Javelin Semiconductor Inc. has been acquired by Avago Technologies Ltd., according to published reports.

Financial terms of the deal were not disclosed.

Javelin, which was founded in 2007, develops power amplifiers for cellphones. It reportedly employs 22 workers.

The company had raised about $21 million in investment capital from backers such as Dallas-based Sevin Rosen Funds and Austin-based Silverton Partners, according to the Javelin website.

In February 2012, Javelin received a $5 million Series D round of financing from 16 investors, according to a filing with the U.S. Securities and Exchange Commission.

In May 2011, it received a $4 million Series C round of financing from 17 investors. In 2010, the company completed a $6.2 funding from 14 investors, SEC filings show.

Singapore-based Avago (Nasdaq: AVGO), founded in 2005, employs about 3,600 workers and generated $2.3 billion in revenue during its last fiscal year.

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Javelin Semiconductor bought by Singapore company