Artimi Raises $26.5 Million

Artimi Ltd., a Santa Clara, Calif.-based fabless semiconductor company developing single-chip solutions for high bandwidth wireless connectivity based on UWB, has raised $26.5 million in Series B funding. Return backers include Accel Partners, Amadeus Capital Partners, Index Ventures and Oak Investment Partners, while new shareholder Bank of Scotland Growth Equity also participated. The company has raised over $41 million in total VC funding since its 2002 inception.