Alereon – Profile
HQ: Austin, TX
Founded: September 2003.
Management: CEO Eric Broockman was Legerity VP and GM of Voice over Broadband at Legerity.
Investors: Company has raised a total of $31.5M in a single round completed in January 2004. Investors are: Austin Ventures, Pharos Capital, Centennial Ventures, Kinetic Ventures, eCentury Capital, Duchossois Technology Partners, and PTV Sciences.
Business Model: An Ultra WideBand (UWB) fabless semiconductor company that is initially targeted at wireless universal serial bus (USB) applications.
Competitors: Staccato Communications, Artimi, Pulselink, and Wisair.
Dirt: It is increasingly uncommon to find VC-funded semiconductor companies. Startups have a tough time because time-to-market is so long and because the sector has a formidable set of established companies that pounce on new opportunities as they arise. Alereon has its work cut out and is far from out-of-the-woods.