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Paladin Capital-backed Newlans Raises $12.5 Million

02/04/2014

Newlans Inc. has raised $12.5 million, or nearly two-thirds of a $20 million equity offering, from 14 investors, according to an SEC filing.

The Acton, Mass.-based company has, according to Crunchbase, previously raised $7 million in venture funding, and $1.8 million in debt.

Newlans is a semiconductor company specializing in reconfigurable broadband analog signal processing solutions. It provides WiSP, an analog wideband signal processing architecture for RF semiconductor applications.

Washington, D.C.-based Paladin Capital, a leading defense company, is the lead investor in the company. It has entered into development contracts with the United States Department of Defense and leading commercial companies for its programmable RF technology.

Chairman and CEO Dev Gupta founded Newlans in 2003. Previously, he has founded Narad Networks which manufactured gigabit ethernet networking equipment for the cable industry. The company, renamed PhyFlex, was acquired by Ciena in 2007.

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