Atlanta chip startup VT Silicon lands $5.5M in financing

ATLANTA — Radio frequency integrated circuit startup VT Silicon has closed on $5.5 million in new financing.

VT Silicon, which is part of the Advanced Technology Development Center at Georgia tech, received the funding from Menlo Ventures, according to the Atlanta Business Chroncile.

Michael Hooper, chief executive officer of the firm, said the funds would be spent for devices geared to the next generation of mobile broadband applications. The company is focused on mobile devices that utilize WiMax and incorporate proprietary technology designed to prevent distortion of signals.

In September of last year, VT Silicon raised $3.3 million, also from Menlo.