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PrairieComm

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And markets chipsets, embedded software and licensed intellectual property for cdma, tdma, gsm and 3g umts wireless

Rolling Meadows, United StatesFounded 1994Real Estate
Valuation $100–250M Last recorded · 1998
Total funding $10–50M Disclosed equity funding
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About PrairieComm

PrairieComm, Inc. operated as a key developer in the wireless communications sector, specializing in chipsets, embedded software, and licensable intellectual property for the personal wireless communications industry. The company was established in 1994, co-founded by John Diehl, who brought his experience designing cell phone chips at Motorola, and Ed Roney, another Motorola alumnus. John Diehl's father, Jack Diehl, a former senior executive at Borden Chemical Inc., joined the following year to lead business development, and was instrumental in securing $40 million in venture funding from Greylock Management Corp. and Lucent Venture Partners.

The firm's business model centered on designing and marketing these core technology components to manufacturers of wireless subscriber equipment. PrairieComm's strategy involved targeting consumer electronics companies and second-tier cell phone makers, rather than directly competing with the dominant players like Nokia, Motorola, and Ericsson at the time. Its product portfolio was engineered to support a wide array of wireless standards, including CDMA, TDMA, GSM, and the emerging 3G UMTS technologies. A significant milestone was the October 1997 multi-million dollar, royalty-bearing license agreement with Qualcomm, which allowed PrairieComm to develop, manufacture, and sell cdmaOne Application-Specific Integrated Circuits (ASICs). This agreement was crucial, enabling the company to offer a single-chip solution and address all major U.S. digital cellular and PCS standards.

PrairieComm's products were recognized for their performance, low power consumption, and high level of mixed-signal integration, which resulted in a smaller die size. The company's growth led to the expansion of its engineering talent pool by opening design centers in cities like Minneapolis. Ultimately, the company's journey culminated in its acquisition by Freescale Semiconductor in February 2005. The acquisition transferred PrairieComm's assets and approximately 120 employees to Freescale, aiming to bolster Freescale's capabilities in baseband chip development for 3G wireless solutions.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
1994
Headquarters
Rolling Meadows, United States
Open positions
None listed
Dealroom signal
18.3/100
Industry
Real Estate
Sector
Real Estate, Intellectual Property
Client focus
b2b
Links
Website

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Feb 2005 $0 — Freescale Semiconductor —
LATE VC✓Equity / VC Nov 1998 $40M $160M Lucent Venture Partners · Greylock Partners —
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Growth signals

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Investors

3 investors on the cap table

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Series B and later2 investors entered at this stage

Other known investors1 additional known investor

  • Freescale Semiconductor
Team profiled 1 named & role-tagged
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Global footprint

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Workforce by country
🇺🇸 United States · Rolling Meadows HQ
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