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British chip millionaires grab $10 million for semi startup

Icera to invent fast things at edge of the network
Sun Feb 02 2003, 16:53
Very-rich-young-geezer-bolan-doesn-apos-t-like-playing-golf TWO BRITS WHO HAVE ALREADY made hundreds of millions of pounds sterling say they can't play golf and want to do the same thing all over again with a fresh British startup.

The new company, Icera, will likely base itself in Bristol and is concentrating on wireless devices "at the edge of the network", the founders told the INQUIRER.

Stan Boland and Simon Knowles formerly worked at Element 14, which Broadcom bought at the end of 2000 for a sum over $600 million.

Icera has blagged $10 million worth of first funding from US VCs Atlas Venture and Benchmark Capital, said Boland.

Boland said: "We'll build on what we did at Element 14". Element 14 was spun out of British company Acorn.

The name Icera is a shortened form of Ice+Era, said the executives. They had a deadline to produce a name and that's what they came up with. µ

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